Job Description Of an Accountant

Job Description Of an Accountant Job Description Of an Accountant | Duties, Scope Salary4 min read Read ­ing Time: 3 min ­utesThere is a major trans ­for ­ma ­tion in the eco ­nom ­ic sce ­nario across the globe.First ­ly, busi ­ness ­es and orga ­ni ­za ­tions need to keep their finan ­cial trans ­ac ­tions eco ­nom ­ic activ ­i ­ties up-to-date.Sec ­ond ­ly, Man ­age ­ment makes the deci ­sion based on finan ­cial num ­bers and infor ­ma ­tion. In oth ­er words, they need a lan ­guage to ana ­lyze all trans ­ac ­tions and events of a firm.As a result, there aris ­es a need to man ­age the finan ­cial num ­bers, trans ­ac ­tions, and activ ­i ­ties. Accoun ­tants fill this impor ­tant role. If you want to become an accoun ­tant, this job descrip ­tion of an accoun ­tant has every ­thing you need to know. Also, find top Account ­ing Inter ­view Ques ­tions and Answers. Job Description of an Accountant: There is a very promis ­ing career in account ­ing. Pri ­mar ­i ­ly because there is con ­stant flux in the finan ­cial world. Sec ­ond ­ly, firms need some ­one who can plan tax, man ­age finance as well as over ­see all the finan ­cial and eco ­nom ­ic activ ­i ­ties. For firms to func ­tion effec ­tive ­ly, they need peo ­ple who can take care of big audits and ana ­lyze bud ­get and cred ­it. Also for keep ­ing an eye on finan ­cial devel ­op ­ment and sug ­gest ­ing man ­age ­ment with updates on finance and state of the econ ­o ­my. Accoun ­tants can fit this role and take respon ­si ­bil ­i ­ty to man ­age the eco ­nom ­ic, as well as, finan ­cial health of a firm. In fact, they can exe ­cute their duties as a char ­tered accoun ­tant, senior accoun ­tant, con ­trollers, account man ­agers, etc. The accoun ­tantjob descrip ­tion in this blog con ­tains every ­thing to guide you to be excep ­tion ­al. Search All Cur ­rent Upcom ­ingJobs. Click here tofind over 4Lakh+Job Post ­ings in India. Scope of Accounting There is a wide scope of account ­ing in busi ­ness and per ­son ­al life. Usu ­al ­ly, peo ­ple think it is lim ­it ­ed to the finan ­cial trans ­ac ­tion of busi ­ness. How ­ev ­er, it’s not true instead, account ­ing is the lan ­guage of busi ­ness. The accoun ­tant job descrip ­tion includes the scope in busi ­ness, trade, gov ­ern ­ment, finan ­cial insti ­tu ­tions, indi ­vid ­u ­als and fam ­i ­lies. Indi ­vid ­u ­als and fam ­i ­lies have to man ­age their receipts-pay ­ments, assets, and lia ­bil ­i ­ties. Sim ­i ­lar ­ly, busi ­ness orga ­ni ­za ­tions need to oper ­ate results and finan ­cial posi ­tions. Non-trad ­ing enti ­ties like school-col ­lege, courts need to deter ­mine income expen ­di ­ture and run admin ­is ­tra ­tion prop ­er ­ly which requires prop ­er finan ­cial man ­age ­ment. Apart from them, pro ­fes ­sion ­als like doc ­tors, engi ­neers, as well as advo ­cates or actors have oblig ­a ­tions to man ­age their earn ­ing as well. Find the list of jobs in Gur ­gaon accounts here. Job Description of an Accountant- Key Responsibilities: Accoun ­tants embrace huge respon ­si ­bil ­i ­ties to spin the eco ­nom ­ic wheel of firms. Their pri ­ma ­ry duties and respon ­si ­bil ­i ­ties include: They pre ­pare the finan ­cial state ­ments and records of an orga ­ni ­za ­tion. Pre ­pare asset, lia ­bil ­i ­ty, and cap ­i ­tal account entries by com ­pil ­ing data. Rec ­on ­ciles finan ­cial dis ­crep ­an ­cies by com ­pil ­ing and ana ­lyz ­ing account infor ­ma ­tion. Com ­pletes account activ ­i ­ties and actions by ana ­lyz ­ing account ­ing options. Pri ­mar ­i ­ly, they will advise ways to reduce costs and increase rev ­enues prof ­its. They must ensure all the tax ­es are paid on time Rec ­on ­ciles finan ­cial dis ­crep ­an ­cies by col ­lect ­ing and ana ­lyz ­ing account infor ­ma ­tion. Secure finan ­cial data by cre ­at ­ing back ­ups Con ­vey the mes ­sage to the share ­hold ­ers and investors the truth about the finan ­cial state of a com ­pa ­ny. Pre ­pare spe ­cial finan ­cial reports for sev ­er ­al account ­ing bod ­ies. Sub ­stan ­ti ­ates finan ­cial trans ­ac ­tions by enter ­ing account infor ­ma ­tion. Guides account ­ing cler ­i ­cal staff by coor ­di ­nat ­ing activ ­i ­ties and answer ­ing ques ­tions. Rec ­om ­mends finan ­cial actions by ana ­lyz ­ing account ­ing options. Doc ­u ­ments finan ­cial trans ­ac ­tions by enter ­ing account infor ­ma ­tion. Requirement Of an Accountant: If you wish to build a career in the account ­ing pro ­fes ­sion, you must have good qual ­i ­fi ­ca ­tions along with skills. An indi ­vid ­ual must spe ­cial ­ize career in com ­merce by obtain ­ing a grad ­u ­ate degree (Bach ­e ­lor in Commerce/B.Com) Join direct ­ly as a junior accoun ­tant after fin ­ish ­ing the cours ­es. Fur ­ther, they can choose account ­ing and finance as an hon ­ors pro ­gram for fur ­ther career growth. Key Skills of an Accountant: In order to suc ­ceed in any career, you need to have cer ­tain skills. In fact, they will guide you to over ­come dif ­fi ­cul ­ties dur ­ing work. The fol ­low ­ing are some of the key skills an accoun ­tant must have: Report ­ing skills Atten ­tion to details Time man ­age ­ment Data entry man ­age ­ment Basic Math Salary of Accounting Professionals: The salary for accoun ­tants depends on their spe ­cial ­ty and the com ­pa ­ny they work in. In fact, they enjoy a hand ­some salary in India due to a boost in the econ ­o ­my. On aver ­age, an accoun ­tant at an entry-lev ­el can earn up to INR 3.6 LPA. More ­over, with rel ­e ­vant work expe ­ri ­ence, this pay scale can go up to INR 6 LPA. How ­ev ­er, this pay scale can dif ­fer as per the com ­pa ­ny and the loca ­tion of the job. accounting job descriptionaccounting jobsjob description of an accountantjobs in Gurgaon Accounts