Working in Accounting and Finance Teams

by Lisa Weaver

The ability to work in a team is a key skill needed for accounting and finance professionals as teamwork skills encompass many things which are essential in today's business environment.

This course is not currently available

This course will enable you to

  • Understand how to establish a team
  • Develop an understanding of effective teams
  • Identify objectives for teams and individuals
  • Address conflicts within a team
  • Understand how to manage a team remotely
  • Give appropriate feedback to a team

About the course

The ability to work in a team is a key skill needed for accounting and finance professionals. Teams can range in size and complexity from a team of hundreds of people managed by an engagement partner responsible for the audit of a multi-national organisation, to a team comprised of two accountants working on a project for their manager.

Teamwork skills encompass many things which are essential in today's business environment, and are one of the top characteristics that employers look for in potential new recruits. Issues relating to teamwork, such as ensuring the competence of the team and the importance of supervision, are closely linked to quality control; and for accounting and finance professionals, especially those providing assurance services, demonstrating compliance with relevant quality control regulations will always be of the utmost importance.

Look inside

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Contents

  • Why is teamwork important?
    • How is teamwork defined?
    • Why is teamwork linked to quality control?
    • What are the dynamics involved in establishing a team?
    • What makes an effective team?
  • Establishing the team
    • How are team members selected?
    • Why is competence a crucial issue in terms of quality control?
    • How are goals or objectives for the team and the team members established?
    • According to which criteria should tasks be allocated and delegated in the team?
    • How can good working relationships within the team be established?
  • Directing and supervising the team
    • Why are direction and supervision important?
    • How can good leadership of the team be ensured?
    • Why is good communication important?
    • How can conflicts within the team be addressed?
    • What challenges are faced when managing a team remotely?
  • Reviewing work and performance appraisals
    • Why is the review stage so important when working in a team?
    • What are the benefits of reviews and performance appraisals?
    • How is a thorough review stage planned and executed?
    • How should feedback be given to team members?
    • What is the outcome of an appraisal?

How it works

Author

Lisa Weaver

After qualifying (ICAEW), Lisa spent several years in audit practice with Deloitte and was part of the national audit training faculty at KPMG. Since leaving practice, Lisa has worked in a variety of education-focused roles, including executive education and has maintained strong links with the accountancy professional bodies.

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This course is not currently available. To find out more, please get in touch.