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Accounting as a career .....power point

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Accounting as a career .....power point

  1. 1.  Accountants and accounting clerks are responsible for generating totals and balances,reconciling bills, vouchers,accounts payable and receivable,and ensuring thorough, accuratedata on customer and vendoraccounts for businesses. They alsoneed to discern company procedures for formatting documents, structuring financial data, and posting transactions in journals, databases or online systems. Some accounting positions review computer printouts against manually stored journals to manage and ensure quality, correct mistakes and remedy discrepancies.There's a lot to get out of an accounting career with the most important perhaps being: learning how a business works.The field offers interesting and challenging work that is continually evolving.
  2. 2. Various accounting related occupations collected from theU.S. Bureau of Labor Statistics.
  3. 3.  Accounting and auditing clerks are financial record keepers. They update and maintain accounting records, including those which calculate expenditures, receipts,accounts payable and receivable,and profit and loss. Bookkeeping,accounting, and auditing clerksheld more than 2.1 million jobs in 2006 and are employed in every industry.
  4. 4.  Accurately forecasting the scope,cost, and duration of future projects is critical to the survival of any business. Cost estimators develop cost information that business owners or managers use to make a bids for a contract or to decide on the profitability of a proposed new product or project.They also determine which endeavors are making a profit.About 62 percent of cost estimators work in the construction industry, and another 15 percent are employed in manufacturing industries. Very good employment opportunities are expected.
  5. 5.  Payroll and timekeeping clerks perform a vital function: ensuring that employees are paid on time and that their paychecks are accurate. In addition, they may perform other clerical tasks.Automated timekeeping systems that allow employees to enter the number of hours they have worked directly into a computer have eliminated much of the data entry and review by timekeepers and have elevated the job of payroll clerks, allowing them to perform more complex tasks. Payroll and timekeeping clerks are found in every industry.
  6. 6.  Billing and posting clerks calculate charges, develop bills,and prepare them to be mailed to customers. By reviewing purchasing records and making or verifying calculations, they ensure that even the most complicated bills are accurate. Billing clerks review hospital records, purchase orders, sales tickets, or charge slips to calculate the total amount due from a customer. About 35 percent of these workers are employed in the health care industry.
  7. 7.  The senior accountant is responsible for applying accepted accounting principles and procedures to analyze financial information, prepare accurate and timely financial reports and statements and ensure appropriate accounting control procedures.
  8. 8.  Compile and analyze financial information to prepare financial statements including monthly and annual accounts.  Ensure financial records are maintained in compliance with accepted policies and procedures.  Make certain all financial reporting deadlines are met prepare financial management reports.  Ensure accurate and timely monthly, quarterly and year end close processes.  Establish and monitor the implementation and maintenance of accounting control procedures.  Resolve accounting discrepancies and irregularities.  Continuous management and support of budget and forecast activities.
  9. 9.  Monitor and support taxation requirements.  Develop and maintain financial databases.  Prepare for financial audit and coordinate the audit process.  Oversee accurate and appropriate recording and analysis of revenues and expenses.  Evaluate and advise on business operations including revenue and expenditure trends, financial commitments and future revenues.  Collect and analyze financial information to recommend or develop efficient use of resources and procedures, provide strategic recommendations and maintain solutions to business and financial problems.  Ensure compliance with relevant laws and regulations and integrity of financial data.
  10. 10.  Accounting degree or equivalent.  Knowledge of generally accepted accounting practices and principles.  Knowledge of economic principles.  Knowledge of auditing practices and principles.  Knowledge of applicable laws,codes and regulations.  Knowledge and experience of accounting computer applications.  Usually a minimum of 3 years experience in the management of financial systems and budgets, financial reporting , financial data analysis, auditing, taxation and providing financial advice.
  11. 11.  Attentionto detail and accuracy.  Planning and organizing.  Strategic thinking.  Strong communication skills.  Information and task monitoring.  Problem identification and analysis.  Judgment and probkem-solving.  Supervisory skills.  Teamwork.  Stress tolerance.
  12. 12.  Use the accounting job description to determine the common job requirements and competencies for a senior accountant position. The job tasks and responsibilities will vary from company to company but the core functions remain similar.A practical and comprehensive job description is essential for a full understanding of the expectations of this position. Adapt this job description to meet your specific needs and requirements.
  13. 13.  There is a world of employment in the accounting and finance field beyond the role of accountant. The types of accounting and finance jobs available range from thosethat require basic skills to those requiring advanced degrees. Some of these accounting jobs include accounts payable, accountant, payroll specialist, or medical records and billing jobs.Areas such as banking, corporate finance, financial planning, real estate, insurance, and investment banking all fall into the category of finance jobs and require accounting and finance professionals. Most of these positions do require either a college degree in the field and/or special certification. At Accounting Principals there are jobs available for people who are just beginning to be interested in the field to those with years of experience. Take a look at the jobs available today.

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