Question

Professional accountants need a wide range of knowledge and skills. Which of the following is not an example of such knowledge or skills? Multiple choice.

1. An ability to communicate in a concise and understandable manner.

2. Skills derived from prior management experience.

3. An ability to calculate and analyze data, and a facility with numbers.

4. Knowledge of many disciplines such as finance, economics, management, marketing and statistics.

Answer 1

The professional accountant must have an in-depth knowledge or skills that help them to do their work in an efficient manner. following are the examples as follows:

1. An ability to communicate in a concise and understandable manner is a basic requirement of every professional accountant because along with number-crunching interpersonal skills are also important.  

2. Skills derived from prior management experience.

3. An ability to calculate and analyze data and facility with a number should be the topmost skills that every professional accountant must possess.

Hence, the correct option is 4

Knowledge of many disciplines such as finance, economics, management, marketing, and statistics is not a mandatory requirement although a professional accountant must have a knowledge of the Accounting and taxation field.