The role of Accountant in a modern business organisation?

Answer 1

The accountant evaluates records drawn up by the bookkeeper and shows the results of this investigation as losses and gains, leakages, economies, or changes in value, so as to reveal the progress or failures of the business and also its future limitations and possibilities. Accountants must also be able to draw up a set of financial records and prescribe the system of accounts that will most easily give the desired information; they must be capable of arriving at a comprehensive view of the economic and the legal aspects of a business, envisaging the effect of every sort of transaction on the profit-and-loss statement; and they must recognize and classify all other factors that enter into the determination of the true condition of the business (e.g., statistics or memoranda relating to production; properties and financial records representing investments, expenditures, receipts, fiscal changes, and present standing). Cost accounting shows the actual cost, over a certain period of time, of particular services rendered or of articles produced; by this system unprofitable ventures, services, departments, and methods may be discovered.

Answer 2

Accountant

A person who has the requisite skill and experience in establishing and maintaining accurate financial records for an individual or a business. The duties of an accountant may include designing and controlling systems of records, auditing books, and preparing financial statements. An accountant may give tax advice and prepare tax returns.

A public accountant renders accounting or auditing services for a number of employees, each of whom pays the accountant a fee for services rendered. He or she does more than just bookkeeping but does not generally have all the qualifications of a certified public accountant.

A certified public accountant is one who has earned a license in his or her state that attests to a high degree of skill, training, and experience. In addition to passing an accounting examination, a candidate must have the proper business experience, education, and moral character in order to qualify for the license. The letters CPA are commonly used and generally recognized to be the abbreviation for the title Certified Public Accountant.

The practice of accounting is a highly skilled and technical profession that affects public welfare. It is entirely appropriate for the state to regulate the profession by means of a licensing system for accountants. Some states do not permit anyone to practice accounting except certified public accountants, but other states use the title to recognize the more distinguished skills of a CPA while permitting others to practice as public accountants. All states limit the use of the title and the initials to those who are licensed as certified public accountants.

All accountants are held to high standards of skill in issuing professional opinions. They can be sued for malpractice if performance of their duties falls below standards for the profession.

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Answer 3

An accountant is the one in charge of all the financial management and controls in the organization. he does not necersarily record books but interpret the recordings in the books as presented by the book keeper whose work he the accountant has supervised. The Accountant functions as the purse manager and assist greatly in deciding whether the budget line of the company could meet certain financial demands that the company would like to embark upon.

it is important to note that the role of the accountant could not be over emphasized and many organizations have now seen the need to make the accountant part of the highest decision body of the organization.

the accountant ensures that the organizations pay role is sustainable for the period within which job is being performed and payments would have to be met adequately.

Answer 4

An accountant in every egalitarian, modern business must possess a background encompassed with the following :

1. Financial management and Accounting Skill.

2. Budgeting and Financial forecasting skill.

3. Self starter who is organized, disciplined and goals orientated.

4. Full Knowledge of Accounting package software skill.

5. Good organization and Management skill.

6. Cash Disbursement and Records Keeping skill.

7. Good analytical and reasoning skill.

8. Good leadership and supervisory skill.

9. Preparation of Financial statement skill.

10. Honesty and intergrity.

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Answer 5

The person responsible for controlling the whole gamut of accounting system of an organisation.

Answer 6

An accountant is responsible for many jobs. You need to deal with payment, receiving payment, analyzing profit and loss, tax issuing, and financial reporting.

Answer 7

Fills out tax returns