2006-08-01 08:00:08 · 16 answers · asked by Steph 1 in Business & Finance ➔ Careers & Employment
Cost - analyze trends, record and reconcile activity
Tax - tax returns, monthly write-up
Accountants - record transactions and prepare financials
2006-08-01 08:04:09 · answer #1 · answered by 3eleven 4 · 0⤊ 0⤋
Accounting
2006-08-01 08:02:07 · answer #2 · answered by chris42050 4 · 0⤊ 0⤋
A cost accountant usually analyzes the cost of something to how much it can be sold for. A tax accountant does taxes, and an accountant does just about everything to do with accounting, including cost and tax.
2006-08-01 08:04:44 · answer #3 · answered by imNangel270 3 · 0⤊ 0⤋
Yikes...okay we sit around and do absolutly nothing. Kidding...okay cost accountants would probably be best described as a managerial accountant. They keep track of the business transactions on a day-to-day basis and evaluate where the company can grow and where their resources are going. Tax accountants specialize in taxes. They prepare Individual, Partnership, S-Corp, and Corpoation tax returns on a yearly basis. They may also be involved with payroll tax issues and help businesses in this matter. An accountant would do the books for the business, reconcile bank statements, and prepare financial statements such as Income Statement, Balance Sheet, and Statement of Retained Earnings. To throw an extra one at you, an audit accountant is a little more one to one active in that they may go to your business and test things such as making sure invoices are being paid correctly and to real vendors, verifying balances on accounts, etc.
2006-08-01 08:11:00 · answer #4 · answered by phileprincess 2 · 1⤊ 0⤋
My husband is a cost accountant for a manufacturing company. He does all kinds of figuring for them. He figures up how much it costs the company to make each particular part - including man hours, and cost of parts. He also keeps up with what the costs are if something goes wrong - like how much it costs them if the power is out for a while and people are standing around waiting for it to be fixed. He helps them to figure out ways to lower their costs. I'm sure he would do a much better job explaining this, but hopefully this helps.
2006-08-01 08:10:19 · answer #5 · answered by cldb730 4 · 0⤊ 0⤋
Numbers
2006-08-01 08:02:48 · answer #6 · answered by A Kicker 2 · 0⤊ 0⤋
They send money into corporate tax shelters so major corporations do not have to pay taxes. Did you know that under current legislation instead of paying taxes one can go purchase a new company farrari and put a logo on the side 2 feet by one feet on 3 sides of the vehicle and it is a tax deduction. What the phuq do you need a fleet of limos for? TAX SHELTER! DEPRECIATION, gya.
Non profits, everything is designed by 'free capotolist america' 5.83 million humans, and we are the slave class, it is time to save our ***. WE NEED TO FORCE PEACE.
WE are 93% of the way to a black hole. WE MUST LOOK TO SPACE TOGETHER. WE CAN DO IT!
2006-08-01 08:08:06 · answer #7 · answered by abehagenston 2 · 0⤊ 0⤋
Cost accountants usually work for manufacturing businessess to keep track of the numbers. To make sure the costs to make the product don't go over profit. To put it in easy terms. Tax accountants are just that TAXES DUH!
2006-08-01 08:05:06 · answer #8 · answered by Evelyn 1 · 0⤊ 0⤋
Recognise and understand finance and Mathematics. Taking care of peoples accounts and advising on profit/loss.
2006-08-01 08:03:33 · answer #9 · answered by tusker 1 · 0⤊ 0⤋
They look at numbers all day... they know how much you make but you never know how much they make, so because of that they feel like they have some kind of super power over you. They go hand in hand with "the boss" and everyone else is sooo small compared to them...
2006-08-01 08:05:36 · answer #10 · answered by Kat 3 · 0⤊ 0⤋