What are the responsibilities of an accountant?

Let’s Talk Business Accounting and Finance What are the responsibilities of an accountant?

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    Uttam Pai
    Participant
    Here are some of the responsibilities of an accountant:

    • Prepares asset, liability, and capital account entries
    • Documents financial transactions
    • Recommends financial actions
    • Summarizes current financial status by collecting information and other reports.
    • Substantiates financial transactions
    • Maintains accounting controls
    • Reconciles financial discrepancies by collecting and analyzing account information.
    • Secures financial information
    • Complies with federal, state, and local financial legal requirements
    • Maintains professional and technical knowledge
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    Julia Merrace 
    Participant
    I feel like that can change depending on the size of the company. When it comes to small business there is normally one person who is in charge, but if it’s a larger company then it is a whole team. They will normally keep track of the physical books or payroll information, or ensure the security of an online system. They also will organize invoices, prepare statements, analyze information and supervise systems.

     

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    Uttam Pai
    Participant
    You are right, it does depend from company to company. I’ve listed down general set of responsibilities.
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    Akshay M
    Participant
    Roles and Responsibilities:
    • Prepare asset, liability and capital account entries by compiling and analyzing account information
    • Document financial transactions by entering account information
    • Recommend financial actions by analyzing accounting options
    • Summarize current financial status by collecting information; preparing a balance sheet, profit and loss statement and other reports
    • Maintains customer confidence and protects operations by keeping financial information confidential.
    • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.
    • Accomplishes the result by performing the duty.
    • Contributes to team effort by accomplishing related results as needed.
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