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The Importance of Communications in Accounting

NYSE-wall-streetHi! My name is Joseph Farco and I’ve recently completed a summer internship with the AICPA. I assisted the Communications and Media Channels team in the New York office. While working with the AICPA has not only allowed me to learn more about numerous issues facing the profession, it also has helped me develop one of the most important skills for any business professional: communications.

From a young age I always knew I wanted to go into business, because I visited the New York Stock Exchange once a year on Kids’ Day. How was I allowed to go to this event on a yearly basis? Well, my father has worked on the floor of the exchange since 1980. His desire to see me do well in life combined with my annual visits to the NYSE, fueled my fire to go into business. This led me to mostly business electives in high school which included two college level accounting classes. I was surprised with how much I enjoyed those classes and I became interested in learning more about accounting. My passion for mathematics led me to embark on a journey to Seton Hall University, where I graduated in May 2012 with a BS in Accounting. My future plans are to pursue an MBA in Finance and eventually sit for the CPA Exam. My long term goal is to one day open up my own practice.

While the focus of my internship has not been entirely on accounting work, I’ve learned a number of lessons that could be used on a daily basis in the “real world.”

When people think of accounting and the profession, most, if not at all, instantly think of a person behind the scenes doing crazy calculations for a firm’s financial statements. However, accounting is much more than doing complex equations; it involves communication and the ability to be clear and to the point among other things. CPAs are relied on as business professionals as well as trusted advisers who must have the ability to explain very rigorous and complex ideas or scenarios in the simplest of terms to non-business savvy people. That’s where this internship plays a huge role in my journey to ultimately becoming a CPA.

This internship doesn’t just look good on my resume, it has also taught me a lot of useful tools to better communicate with others. Looking back, I was never the best at communicating with others whether it was face-to-face, via e-mail or a phone call. Interning at the AICPA has allowed me to sharpen my written and verbal communication skills and prepare me for the road ahead. Advances in technology over the past 10 years have given us new ways to communicate, including social media and video chat. These advances in technology have not improved the ability to effectively get your point across though.

This internship has taught me things which I would have never expected. Did you ever take an internship or job to help develop new skills? Let me know in the comment section.

Joseph Farco, Intern, American Institute of CPAs.

Wall Street image via Shutterstock.

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