Studying is rewarding! There is a saying that readers are leaders and leaders are readers. Accounting and finance is an evolving profession. As new developments, innovations, and technologies arise the finance profession is adjusted to meet the changes.
Reasons why you should continue learning
Before the end of the industrial revolution in the 1840s, accounting saw major shifts. Accountants were required to prepare a statement of sources and applications of funds along with the trading, profit or loss account, and balance sheet. As time went on, accounting standards were published to harmonize the preparation of final accounts (as it was known then). Then, each country has their own standards.
In Nigeria, there is the Statement of Accounting Standards (SAS) published by the Nigerian Accounting Standards Board (NASB). The internet explosion among countries and globalization resulted in the need for a single generally accepted accounting principle to be created for all countries. This led to the formation of International Financial Reporting Standards (IFRS) by the IFRS Foundation.
We thought that we had seen it all! However, recently, corporate governance, ethics, and risk management have become important aspects of business. Finance people must learn these skills if they want to reach the height of the profession. The latest is sustainability reporting. This is becoming the next big thing in accounting and finance.
With this dynamic environment in the finance profession, it is not possible to water down the importance of studying while working full-time.
How to build a study routine
There are three ways to build a study routine while engaging in full-time employment.
Self Study
This is for those who love reading/studying on their own. You can make time for self-study at an odd hour during the night or at weekends. Two hours per day or week can pull you from your current state to your present state.
The Internet
Another routine you might keep is using the internet to learn more about your profession. Tons of people post daily about their profession on social media and blogs. You can learn one or two stuff from them. Following blogs or subscribing to emails and podcasts that write/talk about accounting and finance can keep you top-notch among your peers. Don't forget to tell people what you know using social media.
Taking courses online/offline
Courses on skill platforms like Forage, LinkedIn, Coursera, and Udemy. Hundreds of related courses are available for you to learn. You can take the opportunity of coupons in Udemy to get a free pass on Udemy. If you want to, follow Philip Taiwo, ACA.
You can decide to use the three methods for your continuous educational development.
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