5 answers
1
Question
5 answers
Updated
Doc’s Answer
Accountants work with individuals, small businesses, large corporations, non-profits and government agencies to prepare and organize financial and tax documents.
SKILLS ACCOUNTS SHOULD HAVE
• MATH: Because they spend so much time preparing and analyzing financial documents, accountants need excellent math skills. They often use algebra, calculus, and statistics in their daily work.
• BOOKKEEPING: Accountants need to know the accepted practices for preparing and presenting financial reports. Depending on the specific position, they need to know how to maintain ledgers and prepare bank deposits.
• SOFTWARE: Accountants use specific software programs to perform their jobs. They may need to be familiar with programs like Microsoft Excel and Intuit Quickbooks.
• COMMUNICATION: Managers need updates on the financial status of their company. Accountants need to communicate well both orally and in writing to ensure that leaders understand your complex reports.
• CRITICAL THINKING: Accountants regularly dig into records to analyze the financial health of companies. They need the ability to understand the data they see and use it to suggest improvements.
• DETAIL ORIENTATED: Accountants may deal with many accounts and records in their work. They need to understand the details of financial regulations and apply them to their company's operations.
• ORGANIZATION: Because they keep important records, accountants need to easily access information about their company's financials. Without good organizing skills, tasks and records can get lost.
SKILLS ACCOUNTS SHOULD HAVE
• MATH: Because they spend so much time preparing and analyzing financial documents, accountants need excellent math skills. They often use algebra, calculus, and statistics in their daily work.
• BOOKKEEPING: Accountants need to know the accepted practices for preparing and presenting financial reports. Depending on the specific position, they need to know how to maintain ledgers and prepare bank deposits.
• SOFTWARE: Accountants use specific software programs to perform their jobs. They may need to be familiar with programs like Microsoft Excel and Intuit Quickbooks.
• COMMUNICATION: Managers need updates on the financial status of their company. Accountants need to communicate well both orally and in writing to ensure that leaders understand your complex reports.
• CRITICAL THINKING: Accountants regularly dig into records to analyze the financial health of companies. They need the ability to understand the data they see and use it to suggest improvements.
• DETAIL ORIENTATED: Accountants may deal with many accounts and records in their work. They need to understand the details of financial regulations and apply them to their company's operations.
• ORGANIZATION: Because they keep important records, accountants need to easily access information about their company's financials. Without good organizing skills, tasks and records can get lost.
Updated
Leleah’s Answer
I like to think of Accounting as telling the story through numbers. If it's a business; the Income Statement tells the short story of how the company is doing right now and the Balance Sheet tells the long story of how the company has done throughout its life.
All of the other various types of accounting are working with this story to understand different things. Tax accounting is looking at income and growth, Audit accounting is making sure that the story is correct, Consultants might look at the story and make suggestions on ways to improve it.
All of the other various types of accounting are working with this story to understand different things. Tax accounting is looking at income and growth, Audit accounting is making sure that the story is correct, Consultants might look at the story and make suggestions on ways to improve it.
Updated
Brianna’s Answer
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions. It provides a systematic way to manage and communicate financial information, helping individuals and organizations make informed decisions. An accounting degree opens the door to a variety of career paths. Here are some common options:
Public Accountant: Work for an accounting firm, providing auditing, tax, and consulting services to clients.
Corporate Accountant: Manage financial records, prepare financial statements, and ensure compliance within a company.
Management Accountant: Focus on internal financial analysis, budgeting, and strategic planning for businesses.
Forensic Accountant: Investigate financial discrepancies and fraud, often working with law enforcement or in legal cases.
Tax Accountant: Specialize in tax preparation and planning, helping individuals and businesses comply with tax laws.
Auditor: Review and analyze financial statements to ensure accuracy and compliance with regulations, either in public or internal audit roles.
Financial Analyst: Evaluate financial data and trends to provide insights for investment decisions or company performance.
Controller: Oversee accounting operations and financial reporting for an organization.
Treasurer: Manage a company's budgets, investments, and cash flow.
Cost Accountant: Analyze costs associated with production and operations to help businesses control expenses.
Consultant: Provide expert advice on accounting practices, financial management, or business strategies.
Government Accountant: Work in various governmental agencies, ensuring compliance with regulations and managing public funds.
Nonprofit Accountant: Manage finances for nonprofit organizations, focusing on compliance and reporting requirements.
Public Accountant: Work for an accounting firm, providing auditing, tax, and consulting services to clients.
Corporate Accountant: Manage financial records, prepare financial statements, and ensure compliance within a company.
Management Accountant: Focus on internal financial analysis, budgeting, and strategic planning for businesses.
Forensic Accountant: Investigate financial discrepancies and fraud, often working with law enforcement or in legal cases.
Tax Accountant: Specialize in tax preparation and planning, helping individuals and businesses comply with tax laws.
Auditor: Review and analyze financial statements to ensure accuracy and compliance with regulations, either in public or internal audit roles.
Financial Analyst: Evaluate financial data and trends to provide insights for investment decisions or company performance.
Controller: Oversee accounting operations and financial reporting for an organization.
Treasurer: Manage a company's budgets, investments, and cash flow.
Cost Accountant: Analyze costs associated with production and operations to help businesses control expenses.
Consultant: Provide expert advice on accounting practices, financial management, or business strategies.
Government Accountant: Work in various governmental agencies, ensuring compliance with regulations and managing public funds.
Nonprofit Accountant: Manage finances for nonprofit organizations, focusing on compliance and reporting requirements.
Updated
Venita A (VENITA)’s Answer
Prepare and examine financial records, identify potential areas of opportunity and risk, and provide solutions for businesses and individuals. And, to ensure that financial records are accurate, that economic and data risks are evaluated, and that taxes are paid properly.
Updated
Daniel’s Answer
Accounting is a major in college within most business schools that you can take in which you specialize in accounting for the day to day activity of a company. There are specific fields within accounting, such as Public Accounting, Auditing, Tax accounting, and many other even more specialized fields such as construction accounting or even "Hollywood" accounting.
It doesn't involve as much math as everyone thinks, and is essential to most businesses. Its a career i recommend for many reasons ( i'm an accountant myself) but one of the main reasons is it's a job that will always be in demand, regardless of how the job market is doing. It also pays well, as you can see above offers many different options.
It doesn't involve as much math as everyone thinks, and is essential to most businesses. Its a career i recommend for many reasons ( i'm an accountant myself) but one of the main reasons is it's a job that will always be in demand, regardless of how the job market is doing. It also pays well, as you can see above offers many different options.