Accountants in the companyAccountants are essential in any company. They are trained in accounting and are taught to measure, establish and maintain financial records of great accuracy for companies or individuals, records that have great value for managers, tax authorities and investors.
In any business the accountant plays an important role and has many duties. Accountants are responsible for evaluating records provided by the book keepers in order to establish whether the business is progressing or not, and where it lacks improvement. Accountants record financial transactions that take place within the company and prepare financial statements.
Accountants make decisions regarding systems of accounts as to which are more probable to show the future status of an organization. They study the financial state in which a business currently finds itself in and gives advice concerning improvement towards future profits. The accountant keeps track of profit and loss accounts, receipts, taxes and fiscal measures in order to create accurate records of money that goes through the company.
Cost accounting also falls in the duties of accountants, who must keep track of costs and profits of the different departments of a company. This process creates the need of foreseeing every change the departments go through and how it affects the overall progress of the organization. Accountants are urged to study where loss appears and suggest improvement methods in order to obtain a profit.
Accountants are in charge of dealing with the number behind every company. They add and subtract sums of money of what a company makes or spends and presents a report to those in charge in a way as to be understood. They are advisers to those running the company with regards to the financial aspect.
The most important role of accountants is predicting the cost effectiveness of company strategies and help the overall development of any business through knowledge and technical skill. They are key to the success of any organization, working hand in hand with those who run it.