The work of accountant

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.

What does an Accountant do? Using numbers and financial 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. 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.

On the job, accountants: Examine statements to ensure accuracy Examine statements to ensure accuracy Ensure that statements and records comply with laws and regulations Ensure that statements and records comply with laws and regulations Compute taxes owed, prepare tax returns, ensure prompt payment Compute taxes owed, prepare tax returns, ensure prompt payment Inspect account books and accounting systems to keep up to date Inspect account books and accounting systems to keep up to date Organize and maintain financial records Organize and maintain financial records Improve businesses efficiency where money is concerned Improve businesses efficiency where money is concerned Make best-practices recommendations to management Make best-practices recommendations to management Suggest ways to reduce costs, enhance revenues and improve profits Suggest ways to reduce costs, enhance revenues and improve profits Provide auditing services for businesses and individuals Provide auditing services for businesses and individuals

Types of Accounting

Public Accounting - This would be an accounting service to the general public, and is considered to be more professional than private accounting. Certified and non-certified public accountants can provide public accounting services. Public Accounting - This would be an accounting service to the general public, and is considered to be more professional than private accounting. Certified and non-certified public accountants can provide public accounting services. Private Accounting - This would be accounting that is limited to only a single firm, where an accountant receives a salary on an employer-employee basis. This term is used even if the employer is in a public corporation. Private Accounting - This would be accounting that is limited to only a single firm, where an accountant receives a salary on an employer-employee basis. This term is used even if the employer is in a public corporation. National Income Accounting - Rather than the usual business entity concept, national income accounting uses the economic or social concept in establishing accounting. This type of accounting is responsible in providing the public estimates of a country's annual purchasing power. The GNP (gross national product) refers to the total market value of all the goods and services produced by a country, usually within a calendar year. National Income Accounting - Rather than the usual business entity concept, national income accounting uses the economic or social concept in establishing accounting. This type of accounting is responsible in providing the public estimates of a country's annual purchasing power. The GNP (gross national product) refers to the total market value of all the goods and services produced by a country, usually within a calendar year. Fiduciary Accounting - This type of accounting is done by a trustee, executor, administrator, or anyone in a position of trust. The accountant's job is to keep the records and prepare the reports, which may be authorized by or under the jurisdiction of a court of law. The fiduciary accountant will control all property subject to the estate or trust. Fiduciary Accounting - This type of accounting is done by a trustee, executor, administrator, or anyone in a position of trust. The accountant's job is to keep the records and prepare the reports, which may be authorized by or under the jurisdiction of a court of law. The fiduciary accountant will control all property subject to the estate or trust.

Fund or Governmental Accounting - This type of accountant will work for a non-profit organization or a branch or unit of any level of government. The double-entry system of accounting with journals and ledgers is used, the same as conventional accounting. The services of private or public accountants can be used, like any business entity. Special funds accounting is used for control since profit motive cannot be used as a measure of efficiency. Fund or Governmental Accounting - This type of accountant will work for a non-profit organization or a branch or unit of any level of government. The double-entry system of accounting with journals and ledgers is used, the same as conventional accounting. The services of private or public accountants can be used, like any business entity. Special funds accounting is used for control since profit motive cannot be used as a measure of efficiency. Forensic Accounting is the specialty practice area of accountancy that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally have to work. Forensic accountants also referred to as forensic auditors or investigative auditors, often have to give expert evidence at the eventual trial. All of the larger accounting firms, as well as many medium-sized and boutique firms, have specialist forensic accounting departments. Forensic Accounting is the specialty practice area of accountancy that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally have to work. Forensic accountants also referred to as forensic auditors or investigative auditors, often have to give expert evidence at the eventual trial. All of the larger accounting firms, as well as many medium-sized and boutique firms, have specialist forensic accounting departments. Investment Accounting - the process of accounting for a portfolio of investments such as securities, commodities and real estate held in an investment fund such as a mutual fund or hedge fund. Investment Accounting - the process of accounting for a portfolio of investments such as securities, commodities and real estate held in an investment fund such as a mutual fund or hedge fund.

What is the workplace of an Accountant like? 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. 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.

To summarize: An accountant performs financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organization or company's financial operations. The accountant usually has a variety of administrative roles within a company's operations. In a smaller business, an accountant's role may consist of primarily financial data collection, entry and report generation. Middle to larger sized companies may utilize an accountant as an adviser and financial interpreter, who may present the company's financial data to people within and outside of the business. Generally, the accountant can also deal with third parties, such as vendors, customers and financial institutions. An accountant performs financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organization or company's financial operations. The accountant usually has a variety of administrative roles within a company's operations. In a smaller business, an accountant's role may consist of primarily financial data collection, entry and report generation. Middle to larger sized companies may utilize an accountant as an adviser and financial interpreter, who may present the company's financial data to people within and outside of the business. Generally, the accountant can also deal with third parties, such as vendors, customers and financial institutions.