The job of an accountant

[Jamoflondon]

Accounting is about making estimate of money that was either in or out within 24 hours after all the business activities that has been done for that same day. I would not say that this job is a very hard one to do because it is not quite difficult as long as you know how to do it. Some people chose to go in the line of this job because they have the requirements and not because they love it as what they do.

Incase you are wondering what one really has to do being an accountant as a profession. These are some of the few things I know about the job in particular.

1. In charge of financial calculations
2. In charge of money movements in and out

1. In charge of financial calculations: This simply means that whatever the amount of money being made on a daily basis must be calculated by an accountant and make total for it, This is being done everyday by every business organization

2. In charge of money movements in and out: As an accountant, how money go in and out of the company must not be kept from you because you have to know about anything and everything that has to do with money in the firm.

 

[Mellorando]

From my own point of view, An Accountant takes care of all financial matters within a company, like keeping and interpreting financial records. They may oversee responsibilities like reconciling bank statements and calculating payroll to keep their company in strong financial standing. As an accountant you will be responsible for preparing accounts, budgeting and managing financial information. You could also be advising and helping clients, whether that’s individuals or international companies, on financial situations. Accountants core responsibilities are typically to prepare and examine financial records, assuring information is up to date and accurate. However, you could specialise in particular areas such as forensic accounting or taxation or focus on more specific areas of a company's financial department.

*Duties of an accountant
Typical accountant duties and responsibilities include:

1. Preparing accounts and tax returns
2. Monitoring spending and budgets
3. Auditing and analysing financial
performance
4. Financial forecasting and risk analysis
5. Advising on how to reduce costs and
increase profits
6. Compiling and presenting financial and
budget reports
7. Ensure that financial statements and
records comply with laws and
regulations
8. Keeping account books and systems
up to date.

In case you wondering, How much do accountants earn?
An accountant’s salary depends on their experience and if they follow any specialisms.Graduates entering an accountancy career can expect to earn up to £25,000 during their training. Once you pass your training, you can move up a structured development and promotion ladder and move into roles such as a management accountant, earning £25,000 on entry, but with the potential to move up to £100,000 a year with strong experience. Typically, chartered accountants with two to four years experience can expect to pull in a salary of over £50,000. With further experience and qualifications, you could earn up to £100,000 a year working as a public or private finance accountant.