The Saint Leo University Institute of Management Accountants (IMA) student chapter, in collaboration with Career Services, held an educational forum Feb. 13. Both parties were honored to welcome Jeff Thomson, the IMA President, and CEO and industry professional, who came and spoke on the future of “The Accountant in Business: Leading in the Digital Age.”
Thomson is recognized for his influence on the accounting profession, specializing in risk management and internal controls, and as an expert in management accounting. Apart from his impressive biography, he also culminated a plethora of certifications, such as CMA (R) (Certified Management Accountant), CSCA ® (Certified in Strategy and Competitive Analysis) and CAE (Certified Association Executive).
Thomson says business is multidimensional, explaining that a part of evolving is the important role of data analytics. He says analytics is critical for success, and when it comes to interpreting data science, one must be inquisitive and exploratory. Photo By: MIA
Since this was a part of Career Services’ monthly webinar series, students and faculty had the option of viewing the event online. However, all other patrons reported promptly at 6 p.m. in TECO Hall.
Throughout his presentation, Thomson stressed highly on the value of stewardship and the future of automation. He expressed that we are in a pivotal crossroads where if we as individuals do not “upgrade” and expand professionally, then we will be left behind in the progressive world.
He says business is multidimensional, and Thomson explains that apart of evolving is the important role of data analytics. He says analytics is critical for success, and when it comes to interpreting data science, one must be inquisitive and exploratory in the data. Thus, because accounting is interdisciplinary, there is a wide range of opportunities in the accounting field.
“75-80 percent of people start out in audit, but then they find their way into business,” said Thomson, as he explained his non-traditional avenue to his current position, but also the many opportunities the accounting profession can lead to. Credit: Rebecca Hugh
And, Thomson implores students to understand that “differentiation is key.” Also in order to set yourself apart, professional certifications are necessary.
“Firstly, we as accounting students, should look into differentiating skills, and opportunities such as: certifications and masters or doctorate degrees in different fields,” said Kyshonna Bethel, the IMA Chapter President, and a junior majoring in accounting.
“As Jeff said, the earlier you can understand things like data analytics and strategic management the better because skills like these in combination with financial accounting knowledge opens a world of opportunities for an accountant. While it is important, it’s not impressive if you can come up with the numbers; what’s impressive is the ‘why’ and knowing the meaning beneath the numbers.”
In closing, Thomson was well receptive, and students were highly engaged in asking questions. Towards the end of his presentation, he addressed ethical standards and the must for students to develop language, analytic and good communication skills. But, also how start-ups are essential for the future economy, and how even robotics and automation and be scalable to small businesses.
