There are several types of accountants, such as: Financial AccountantĪ financial accountant is a professional responsible for summarising and reporting an organisation's transactions through financial statements. Recommend best practices, strategies and solutions to ensure optimised functioning of the organisation.Ĭonduct risk assessments and prepare reports. Prepare various financial statements and develop strategies for cost reduction, profit maximisation and revenue enhancements.Įnsure the accuracy of financial statements and their compliance with government rules and laws.
Prepare tax returns and ensure taxes are paid correctly and on time.Ĭreate and review the budget for an organisation. The duties of an accountant may vary depending on their clients' requirements, but here are some examples of what accountants do on a daily basis: An accountant may keep track of business transactions, monitor and report on a company's financial performance and prepare financial statements. Accounting involves measuring and managing financial information that helps investors, managers, business owners and other individuals make sound financial decisions. An accountant is a professional who specialises in various aspects of individual and business finances.
