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CIA certification is top surging accounting skill

November 13, 2024
in Accounting
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CIA certification is top surging accounting skill
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Certified internal auditor certification, management accounting and company valuation are among the top surging accounting and finance skills, according to a new report.

The report, from Udemy, an education technology company, shows that over the past year, CIA certification increased 160% in consumption, management accounting increased 136% and company valuation increased 97%. International Financial Reporting Standards, cost accounting, payments, payroll accounting, internal auditing, uniform CPA examination and financial management followed, ranked by increase in consumption. 

However, the top 10 consumed skills in accounting finance largely differ from the surging-value skills. They are, in order of rank, financial analysis, SAP FIC, SAP S/4HANA, foundational accounting, corporate finance, financial accounting, financial modeling, foundational finance topic, IFRS and technical financial analysis. 

These skills indicate that firms and companies are focusing on improving financial oversight and efficiency.

“Improving corporate financial management helps guide strategic business decisions and long-term plans, while skills in regulatory compliance ensure that business practices remain transparent and meet global standards,” the report reads. “Specialized areas such as internal auditing and certifications like CIA, along with SAP FICO and S/4HANA expertise, further enhance financial oversight and operational efficiency.”

Across all industries, businesses are looking to lean into the specific and practical applications of generative AI that will maximize productivity. Using gen AI for productivity increased 859% year over year, making it the top surging business skill and the second-most consumed business skill, following Microsoft Excel tools. 

GenAI is also being applied to solutions. The report found that use of one framework, called LangChain, for enabling large language models into applications surged 3,949%. Meanwhile, consumption of AI certification courses has increased, including Microsoft Azure AI Engineer Associate (311%) and Microsoft Azure AI Fundamentals (197%). 

Udemy’s annual report analyzed data from over 16,000 of its users.

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