October 2017 Accounting & Audit Channel

Hanging a certificate on a wall is no longer enough, though. It doesn’t showcase your expertise to a wide breadth of clients, prospects or potential employers in a location where they are most likely to view it: online, in digital format.

And it doesn’t demonstrate the commitment to lifelong learning that today’s knowledge economy demands. Although CPAs, CGMAs and other accounting professionals are required to refresh and expand their expertise with continuing education, a certificate earned years ago doesn’t give the public specific assurance that you’ve stayed current on the important skills valued now.

That’s why professionals are turning to digital badges. Still in their infancy, digital badges recognize professional accomplishments, such as the completion of a project or the mastery of a skill.

A visible way to showcase your expertise

Digital badges appear as an icon or a logo online. Clicking on the badge takes you to a website that validates and explains the certificate. Badges can be used with any online communication like websites, email signatures, resumes and LinkedIn profiles.

Most importantly, digital badges are a way to verify the validity of a claim of skills and knowledge. For certifications that must be renewed every few years to remain in effect, digital badges assure the public that you are up to date. If a badge holder doesn’t fulfill the requirements to maintain the badge, it disappears.

Many organizations issue digital badges as a way to recognize less formal education and skills gathering. They also gamify the learning process.

Khan Academy, the global online learning platform, for example, offers a digital badging program in various educational subjects. Students watch a series of videos that collectively make up a course, and answer questions along the way to identify strengths and gaps in knowledge. Learners must demonstrate u a specific level of understanding and competency in a subject before a badge is awarded, and different badges are issued based on varying levels of mastery.

On a lesser scale, the Google News program offers participants a chance to earn badges if they read a certain number of articles in a particular content area. Participants can raise the level of their badge from bronze to silver to gold if they do more reading. It’s a bit like earning scouting badges, just in digital form.

Numerous applications

As you can imagine, the American Institute of CPAs’ digital badge program is quite a bit more involved. Now available for the Single Audit, Employee Benefit Plans Audit and Not-for-Profit certificate programs, digital badges highlight relevant skills and the effort it takes to acquire them.

For example, managers and partners of Heinfeld Meech – a CPA consultancy in Tucson, Ariz., known for governmental single audits – recently received their advanced single audit certification. After passing the rigorous exam, these CPAs are using their digital badges in email signatures, website resumes and even when submitting requests for proposals.

“It definitely shows that you’ve gone above and beyond what your profession requires and gives you extra credibility,” said Brittney Williams, an audit partner at Heinfeld Meech.

A modern tool

Digital badges are built for the digital world. Prospective clients naturally use a company website or LinkedIn to help verify a professional’s work history and experience. Digital badges permit demonstrated competencies to be showcased in a way that carries more heft than informal endorsements from peers and colleagues.

For employers, digital badges provide a more detailed, nuanced view of job candidates. Badges can give insight not only into what candidates know, but also their commitment to acquiring new skills and accomplishments.

In today’s economy, skills and proficiency are fluid. It’s no longer enough to have a diploma or certificate on the wall. Knowledge workers need to demonstrate lifelong learning. And now, there’s a way for the public to know if they are meeting the challenge.

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Clar Rosso is Vice President of Member Learning and Competency at the American Institute of CPAs.

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Top Accounting & Audit Social Media and Blog Posts:

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Today’s CFO Deals with Dizzying Array of Tasks. Grant Thornton Blog. http://gt-us.co/2x7IO0e

A Look Ahead at the Audit Profession. Cathy Engelbert. http://bit.ly/2yBgF2G

Top 7 Financial Skills for Financial Planning & Analysis. Tom Hood. http://bit.ly/2wrosiT

3 Keys to Recruiting and Retaining Millenials in Accounting. Accountingfly Blog. http://bit.ly/2yQrhLQ

 

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