duties of accountant?

Question

Accountant duties in project and interview question

Answer 1

Accountants and auditors help to ensure that the Nation’s firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. They perform these vital functions by offering an increasingly wide array of business and accounting services, including public, management, and government accounting, as well as internal auditing, to their clients. Beyond carrying out the fundamental tasks of the occupation—preparing, analyzing, and verifying financial documents in order to provide information to clients—many accountants now are required to possess a wide range of knowledge and skills. Accountants and auditors are broadening the services they offer to include budget analysis, financial and investment planning, information technology consulting, and limited legal services.

Answer 2

Dear Nitin K.

Job Responsibilities of an Account is from Day to Day voucher Entry to Finalisation of Balance Sheet. It depends on for which level you are going to apply.

Entry level (No Experience)

At this level you may have to do Day to day voucher entry and giving all report to your senior Accountant in the evening.

At this level you may be asked question regarding fundamental of Accounts. What is Debit What is Credit and what Debit Note etc.

Middle Level
Here you may be responsible for collecting report from your junior Accountant and finalise them and report the same to your head of department.

At this level you may be Asked regarding Income Tax /Sales Tax Slabs and Rules.

Top Level
This the final level for an Accountant, here you may be whole responsible for collecting all the reports from all branches of the company and compile it for Assessment of Income Taxation here you will have to calculate all the relevant details depends what type of Industry you are working for and Finlay make the Income Tax Return on the basis of Balance Sheet, Profit & Loss.

Always first of all a Trial balance is made then, two final Accounts like Balance Sheet and Profit and Loss are made. Which are reuiqred to submit at the time of Assessment.

Answer 3

Accountants have no obligation to confidentiality the way doctors & lawyers do, no. But a good accountant would be able to help someone who "not paid tax for 4 years or something" get their tax accounts straight with HMRC...

Answer 4

Duties of accountants are many, want to know all then visit the link given below,.

http://whitfieldd.com/

Answer 5

Definition:

Under direction of a Division Manager, performs professional accounting work, including auditing, analyzing and verifying fiscal records and reports, preparing financial and statistical reports, providing information to City staff regarding accounting practices and procedures, and reconciling general ledger accounts; assists in preparing the City’s annual and mid-year budgets; prepares year-end audit reports and schedules; trains and provides technical advice to lower-level accounting personnel, and performs related work as required.

Class Characteristics:

This professional-level Accountant class is assigned to the Finance Division of the central Administrative Services Department. The incumbent works with a high degree of independence in performing accounting and financial activities for the City, the Redevelopment Agency and the Public Financing Authority. Successful performance of the work requires good knowledge of governmental accounting practices and procedures, fund accounting and fiscal management. Responsibilities include direct contact with all City Department Directors, Division and Program Managers and other staff regarding monthly reports, revenue and expenditure accounts, the automated purchasing and financial reporting system and payroll activities. The class is distinguished from the lower level class of Office Specialist (Accounting), which is a technical support class not requiring the equivalent of a four-year professional degree and has responsibilities of a technical processing nature.

Examples of Key Duties: (Duties are illustrative and not inclusive and may vary with individual assignment.)

*

Prepares journal entries and reconciles general ledger and subsidiary accounts; prepares monthly financial statements, including distributing monthly revenue and expenditure reports to departments.

*

Analyzes and reconciles expenditure and revenue accounts, including trustee accounts and investment reports.

*

Makes wire transfers and journal funding transfers and reconciles monthly bank statements.

*

Monitors grant revenues and expenditures, ensuring data is recorded in the City’s financial accounting system.

*

Calculates and prepares reimbursement billings and tracks receivables; reconciles monthly accounts receivable.

*

Prepares audit schedules for external auditors and acts as a liaison between the City and auditors.

*

Prepares and files annual financial statements for the City, Redevelopment Agency and Public Financing Authority.

*

Assists with the preparation of the annual and mid-year budgets.

*

Assists with the fiscal year-end and fixed asset accounting.

*

Provides training in the use of the City’s computerized financial system and assists departmental personnel with budget questions, proper expenditure coding, document processing and other accounting related activities.

*

Performs other duties of a similar nature or level.

Answer 6

i think there is no any specifications on this job.the duties of accountant is depending on their own institutions.mainly checking of day book.checking of cash transactions.checking of all account books.

Answer 7

simple,just accounts and if anything else they say u

Answer 8

Accountants and auditors help to ensure that the Nation�s firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. They perform these vital functions by offering an increasingly wide array of business and accounting services, including public, management, and government accounting, as well as internal auditing, to their clients. Beyond carrying out the fundamental tasks of the occupation—preparing, analyzing, and verifying financial documents in order to provide information to clients—many accountants now are required to possess a wide range of knowledge and skills. Accountants and auditors are broadening the services they offer to include budget analysis, financial and investment planning, information technology consulting, and limited legal services.

Specific job duties vary widely among the four major fields of accounting: public, management, and government accounting and internal auditing.

Public accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients, which may be corporations, governments, nonprofit organizations, or individuals. For example, some public accountants concentrate on tax matters, such as advising companies about the tax advantages and disadvantages of certain business decisions and preparing individual income tax returns. Others offer advice in areas such as compensation or employee health care benefits, the design of accounting and data-processing systems, and the selection of controls to safeguard assets. Still others audit clients� financial statements and inform investors and authorities that the statements have been correctly prepared and reported. Public accountants, many of whom are Certified Public Accountants (CPAs), generally have their own businesses or work for public accounting firms.

Some public accountants specialize in forensic accounting—investigating and interpreting white-collar crimes such as securities fraud and embezzlement, bankruptcies and contract disputes, and other complex and possibly criminal financial transactions, including money laundering by organized criminals. Forensic accountants combine their knowledge of accounting and finance with law and investigative techniques in order to determine whether an activity is illegal. Many forensic accountants work closely with law enforcement personnel and lawyers during investigations and often appear as expert witnesses during trials.

In response to recent accounting scandals, new Federal legislation restricts the nonauditing services that public accountants can provide to clients. If an accounting firm audits a client�s financial statements, that same firm cannot provide advice on human resources, technology, investment banking, or legal matters, although accountants may still advise on tax issues, such as establishing a tax shelter. Accountants may still advise other clients in these areas or may provide advice within their own firm.

Management accountants—also called cost, managerial, industrial, corporate, or private accountants—record and analyze the financial information of the companies for which they work. Among their other responsibilities are budgeting, performance evaluation, cost management, and asset management. Usually, management accountants are part of executive teams involved in strategic planning or the development of new products. They analyze and interpret the financial information that corporate executives need in order to make sound business decisions. They also prepare financial reports for other groups, including stockholders, creditors, regulatory agencies, and tax authorities. Within accounting departments, management accountants may work in various areas, including financial analysis, planning and budgeting, and cost accounting.

Government accountants and auditors work in the public sector, maintaining and examining the records of government agencies and auditing private businesses and individuals whose activities are subject to government regulations or taxation. Accountants employed by Federal, State, and local governments guarantee that revenues are received and expenditures are made in accordance with laws and regulations. Those employed by the Federal Government may work as Internal Revenue Service agents or in financial management, financial institution examination, or budget analysis and administration.

Internal auditors verify the accuracy of their organization�s internal records and check for mismanagement, waste, or fraud. Internal auditing is an increasingly important area of accounting and auditing. Internal auditors examine and evaluate their firms� financial and information systems, management procedures, and internal controls to ensure that records are accurate and controls are adequate to protect against fraud and waste. They also review company operations, evaluating their efficiency, effectiveness, and compliance with corporate policies and procedures, laws, and government regulations. There are many types of highly specialized auditors, such as electronic data-processing, environmental, engineering, legal, insurance premium, bank, and health care auditors. As computer systems make information timelier, internal auditors help managers to base their decisions on actual data, rather than personal observation. Internal auditors also may recommend controls for their organization�s computer system, to ensure the reliability of the system and the integrity of the data.

Computers are rapidly changing the nature of the work of most accountants and auditors. With the aid of special software packages, accountants summarize transactions in standard formats used by financial records and organize data in special formats employed in financial analysis. These accounting packages greatly reduce the amount of tedious manual work associated with data management and recordkeeping. Computers enable accountants and auditors to be more mobile and to use their clients� computer systems to extract information from databases and the Internet. As a result, a growing number of accountants and auditors with extensive computer skills are specializing in correcting problems with software or in developing software to meet unique data management and analytical needs. Accountants also are beginning to perform more technical duties, such as implementing, controlling, and auditing systems and networks, developing technology plans, and analyzing and devising budgets.

Increasingly, accountants also are assuming the role of a personal financial advisor. They not only provide clients with accounting and tax help, but also help them develop personal budgets, manage assets and investments, plan for retirement, and recognize and reduce their exposure to risks. This role is a response to clients� demands for a single trustworthy individual or firm to meet all of their financial needs. However, accountants are restricted from providing these services to clients whose financial statements they also prepare. (See financial analysts and personal financial advisors elsewhere in the Handbook.)