They use critical thinking skills to determine ways to make the organization more financially efficient. Their analytical skills help them develop ways to reduce costs, increase revenue, improve profits and eliminate waste. The accounts also carefully evaluate financial performance and investigate financial investments such as stacks, bonds and real estate. Communication Skills Accountants need excellent communication skills. They can interact with a variety of people ranging from managers and directors to accounting staff members. Accountants must be able to converse or correspond clearly to ask questions and discuss problems or discrepancies. Additionally, they offer advice and make recommendations on the best financial business decisions. Discernment Attention to detail is an essential qualification for successful accounting. The ability to notice errors, discrepancies or inconsistencies can often lead to discovering other inaccuracies. On the other hand, missing a small detail can affect the reliability of the organization's financial records and may result in an audit of the company. Additionally, accountants should be detail-oriented to ensure that financial records comply with laws and regulations