Im curious..what excatcly does an ACCOUNTANT do?

Question

umm..so yeah. im not so sure

Answer 1

What does an accountant do?
Since Accountants are independent business advisers, they are in a position to help the clients build and develop their businesses. Accountants can offer an extensive range of services. Some of the types of services they may offer are listed below.


Auditing a company
Accountants, who are legally registered auditors, may audit a company's accounts - such an audit may, in some circumstances, be required by law.


Assurance and Information Integrity
Accountants also can provide a variety of services that improve and assure the quality of information, or its context, for business decision-making. And also be ensuring that financial statements reflect fairly the financial performance of the company.


Forensic Accounting
Preventing, detecting, and investigating financial frauds such as embezzlement, securities fraud, tax evasion, and money-laundering schemes. Demand for this specialty has grown significantly as a result of recent corporate scandals.


Environmental Accounting
Addressing how companies can be both environmentally responsible and profitable. This includes focusing the variety of projects like environmental compliance audits and managing and preventing claims and disputes.


Expert witness work
Accountant who has his/her own country's registry of expert witnesses who meet stringent criteria - all hold practising certificates, have undertaken suitable litigation training, have had experience of acting as an expert witness, and have been able to provide references from legal practitioner who have engaged them.


Insolvency work
If the clients are facing the possibility of personal bankruptcy or corporate insolvency, an accountant with his/her own country's insolvency license can provide the clients with invaluable advice. If professional advice is sought as soon as the signs of trouble appear, then insolvency/bankruptcy may be avoided. If the clients are a trade creditor and are concerned about a debtor or have been told that a debtor is insolvent, a licensed insolvency practitioner can investigate and advise on the best course of action. To become an accountant with his/her own country's insolvency license, stringent criteria must be met and an ongoing experience requirement must be achieved if the licence is to be renewed each year.


Accounting and Bookkeeping
Advice can be provided on setting up business systems, from basic bookkeeping (cashbook) to comprehensive management reporting. Some accounting firms will undertake the bookkeeping function, which may also include VAT return preparation. Practitioners can also assist in the preparation of year-end accounts.


Management accounting
Accountants may set up systems to ensure that the clients know how their businesses are performing. Additional services offered include budgeting and performance monitoring and helping to ensure that a business runs in a smooth and efficient manner.


International Services & Accounting
Provide services to support and facilitate commerce in the global market. Moreover, companies adopting International Financial Reporting Standards (IFRS) need accountants to help reconcile IFRS with U.S. GAAP. Professionals with knowledge of U.S. GAAP who work well in an international environment are increasingly in demand.


Corporate finance
Accountants may offer advice on how to finance a business and how to buy or sell a business, as well as other related considerations. Such as providing a variety of services to organizations and individuals that interpret and add value by utilizing a wide range of financial information. These include everything from tax planning and financial statement analysis to structuring investment portfolios and complex financial transactions, and evaluating financial information to assess liquidity, solvency and stability issues of a firm and provide meaningful information which serve as the basis for management to make informed decisions.


Investment advice
Advice may be sought on pensions, unit trusts, life insurance etc., from advisers authorised to give investment business advice.


Tax - statutory requirements and planning opportunities
Accountants are able to offer advice on tax including corporation tax, income tax, capital gains tax, PAYE and VAT. In addition, business advisers can also offer tax planning advice and minimise your tax liability now and in the future.


Management consulting
Accountants can provide independent advice to managers of businesses, such as provides advice and insight on the financial and non-financial performance of an organization's operational and strategic processes through broad business knowledge and judgment. Such help can be used in a variety of ways, including:
providing an external independent view
overseeing the stewardship of the chairman/chief executive and board members encouraging and developing new ideas
assisting the company in difficult situations bringing specialist knowledge maintaining an ethical climate.

Advice on starting up a business
Accountants may offer advice on the legal form most appropriate to starting up a business. In addition they may advise on related legal and taxation issues, business plans for presentation to banks, and what you should expect when starting up a business.

Answer 2

There are several types of accountants, a lot of us specialize in something.

I'm a corporate accountant and I pull all of the financial figures together for the prior month to show the owners how much money they made. Income less expenses = income. We have two sets of rules to follow, GAAP (generally accepted accounting principals) and IRS rules - if you like numbers, its a great job, I love it. But I can see how people could be bored out of their minds.

The work is a lot more complicated, but in a nutshell, this is what I do.

Answer 3

An accountant is the person who deals with all the finances of a company and keeps track of what goes in out of the company as far as money goes. They do all the bookeeping for the company.
cac

Answer 4

ACCOUNTANT? i don't know exactly.. but one thing im certain is that account audit your financial statement and income statement.. there are many types of accountant, it can be private, government agency etc.. One of the qualities of accountant is that you should know how to ANALYZE.. because accountant do not merely practice on auditing.. and accountant also counsel to his/her client on what she/he could do to avoid business failure.. She/he must be open minded..

Answer 5

Bean counter.They keep track of revenues and expenses and make suggestions on how the individual or business can more effectively use thier money.

Answer 6

An accountant prepares taxes, handles payrolls at businesses, and handles accounts.

Answer 7

Female is having fun with the Boss and male so i dont know

Answer 8

tremendous version, i understand the blonde version of that comic tale, she dyes her hair brunette and counts the sheep and the farmer bets that he can wager her organic hair colour for his dogs lower back.

Answer 9

accounts things of course.

Answer 10

http://www.bls.gov/oco/ocos001.htm