Outline of an Accountant Job Description
If you are a qualified accountant and keen to start your career in the field, it is essential to know the job description of an accountant before you begin. This will help you to get an idea on what to expect in role as an accountant.
Now, one may ask, what does an accountant essentially do? An accountant is a person who carries out any or all the accounting procedures of a business or organization, such as identifying, reporting and interpreting the financial data and performance of the organization. However, the accountant job description may vary with the size and type of the business.
In a small business, the accountant is one who is responsible for the entire accounting system. It being a small organization, the volume of transactions may be lesser than that of a medium or large sized business, so in this case, the accountant's job may be comparatively simpler. However, in a larger organization, the job of an accountant is usually more specific due to the large volume of transactions, and the accountant may be looking after a specific function such as taxation, audit, cost accounting, management accounting or accounting information systems, as in a large business, the entire accounting system may be divided and duties may be segregated.
As an accountant, you need to apply the principles of accounting in order to analyze financial data and prepare financial reports for various locations of an organization or a business. The essential duties and responsibilities include compiling and analyzing financial data, creating entries in the book of accounts, such as the general ledger accounts, posting standard journal entries, analyzing daily transactions, reconciling sub-ledger accounts such as inventory or payroll accounts, creating and analyzing monthly sales reports, cross-checking to verify contracts or orders, as well as preparing reports to validate individual transactions before they are settled.
Apart from the above mentioned duties, an accountant also needs to make sure that the accounting systems of the organization are in compliance with the Generally Accepted Accounting Principles as well as in keeping with the company's regulations. He or she also needs to review financial entries and correct inconsistencies, if any, prepare reports as well as documents, give timely advice and assist in detecting issues such as excess costs, excess charges, and probable penalties. Finally, an accountant also needs to develop models in order to represent the financial activities for specific operations.
Besides carrying out the above duties, an accountant also needs to be cross trained in other duties of the organization. So, apart from the usual degrees or certification in accounting, as an accountant, you need to be alert, possess strong analytical skills and have a good eye for detail, besides of course excellent communication and interpersonal skills.
If you feel that you possess the aforementioned qualities and are prepared to handle the above responsibilities, then an Tax Jobs is the best fit for you.
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Contact info :
Company name : Outfit Recruitment Pty Ltd
Contact name : Ashley Jail
Email : email@example.com
Contact pn : (03) 9525 2440
website : http://www.outfit.com.au/
Address : Suite 502, Level 5, 566 St Kilda Rd, Melbourne, Australia