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Primary job duties of accountant

The job "accountant" can mean many different things, depending on the organization, its structure, and expectations for the accounting function. For example, there are management accountants and financial accountants. Answer the following questions:

1. Why do these two groups exist?
2. What are thier responsibilities? Write a brief job description for each. Your job description should include 1)Education background, 2) Reporting responsibility ("this position reports to"), and 3) Primary job duties
3. What do accountants have to offer today vs. yeasrs past?

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Financial accounting
is a process of recording, summarizing, analyzing and interpreting the financial transaction of an organization. It mainly involves preparation of the financial statements and starts from journal ends with making of income statement and balance sheet. These statements are statutory compulsory to prepare for the organization. It mainly involves serving the external parties such as government, investors, lenders etc. of an organization. It serves as a base for the management accounting reports. These statements have to be periodically prepared as per the statutory prescription. Therefore a ...

Solution Summary

This explains the primary job duties of accountant