Career as an Accountant


Summary

An Accountant is one of the main players in any business that he or she works for, whether it is a large corporation or a small business. The accountant monitors and records the flow of money through a business or organization.

It is the responsibility of the accountant to verify the accuracy of all money transactions and to make sure that all these transactions are legal and follow current guidelines. It may be that the accountant works for a company on a contractual basis to do the books or tax returns. They may also choose to work for private individuals and help them with their financial decisions, tax returns, or other money-related issues.

Using numbers and financial statements, an accountant describes the health of a company, organization or individual, by using their skills in math, accounting, law and finance. They analyze profits and losses, providing information that investors and business owners need in order to evaluate how a company is doing over a period of time. This information forms the basis of a company's report and legal filing reports.

The duties of Accountant typically includes to determines payroll requirements; maintains payroll data; prepares and processes monthly payrolls and Interacts with internal and external auditors in completing audits. They should also explain billing invoices and accounting policies to staff, vendors, and clients and prepare and review budgets, revenue, expenses, payroll entries, invoices, and other accounting document. They also prepare profit and loss statements and monthly closing and cost accounting reports and compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions. They are also engaged to supervise the input and handling of financial data and reports for the company's automated financial systems and resolve accounting discrepancies.

Work Environment

There is no typical workplace for an accountant in the sense that just about any business has an accountant or uses the services of one. A bigger company may have an accounting department that employs many accountants, and would have a hierarchical structure. Or, there may be only one accountant at a branch office, who might report to a supervisor at the regional or head office.

Entry Level Education

Bachelor’s / Master’s Degree in Commerce , Accounting, Finance or any related field in Commerce.

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