They use their 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 study financial investments such as batteries, bonds and real estate. Communication Skills Accountants need excellent communication skills. They can interact with various 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 regarding the best financial decisions. Judgment SkillsAttention to detail is an essential qualification for successful accounting. The ability to notice an error, discrepancy or inconsistency can often lead to the discovery of other inaccuracies. On the other hand, omitting a small detail can affect the reliability of the organization's financial records and result in a company audit. Additionally, accountants must be detail-oriented to ensure that financial records comply with laws and regulations.