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Accountants keep track of the money in a company and make sure that there is money to pay salary and to keep the company in operation. They do the books for each department and make sure that every dollar is accounted for that was invested into the company. In short we can say that the duty of an accountant is to make sure that the company has a sufficient amount of working capital (the amount required to meet its daily operations) for its smooth running and to keep the transactions into record.

Specific duties of an accountant are:

  1. Prepare profit and loss statements and monthly closing and cost accounting reports.
  2. Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
  3. Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.
  4. Analyze and review budgets and expenditures for local, state, federal, and private funding, contracts, and grants.
  5. Monitor and review accounting and related system reports for accuracy and completeness.
  6. Prepare and review budget, revenue, expense, payroll entries, invoices, and other accounting documents.
  7. Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
  8. Explain billing invoices and accounting policies to staff, vendors and clients.
  9. Resolve accounting discrepancies.
  10. Recommend, develop and maintain financial data bases, computer software systems and manual filing systems.
  11. Supervise the input and handling of financial data and reports for the company's automated financial systems.
  12. Interact with internal and external auditors in completing audits.
  13. Prepare the financial statement of a business, they also determine if the company is making profit or not.
  14. Other duties as assigned
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10y ago
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12y ago

Handling Customer complaints and resolving them to their satisfaction.

Creating challans cars delivered.

Taking care of deliveries of car from start to the end.

Creating sales invoices for car and presenting them to customers.

Convincing the customers to buy extended warranty by explaining them the

Importance and usability of warranties.

Advise sales team for revision of estimated delivery date.

Obtain delivery schedule from CRM team for be delivered on the next day.

Ensure all items related to delivery process are made available as per the

Delivery kit contents.

Handover the ready vehicle and all documents to the sales team on the day of


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14y ago

The following is written by and according to the U.S. Department of Labor and particular to accountants.

Accountants and auditors help to ensure that the Nation's firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. They analyze and communicate financial information for various entities such as companies, individual clients, and government. Beyond carrying out the fundamental tasks of the occupation-preparing, analyzing, and verifying financial documents in order to provide information to clients-many accountants also offer budget analysis, financial and investment planning, information technology consulting, and limited legal services.

Specific job duties vary widely among the four major fields of accounting and auditing: public, management, government accounting, and internal auditing.

Public accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients, which may be corporations, governments, nonprofit organizations, or individuals. For example, some public accountants concentrate on tax matters, such as advising companies about the tax advantages and disadvantages of certain business decisions and preparing individual income tax returns. Others offer advice in areas such as compensation or employee health care benefits, the design of accounting and data-processing systems, and the selection of controls to safeguard assets. Still others audit clients' financial statements and inform investors and authorities that the statements have been correctly prepared and reported. These accountants are also referred to as external auditors. Public accountants, many of whom are Certified Public Accountants (CPAs), generally have their own businesses or work for public accounting firms.

Some public accountants specialize in forensic accounting-investigating and interpreting white-collar crimes such as securities fraud and embezzlement, bankruptcies and contract disputes, and other complex and possibly criminal financial transactions, including money laundering by organized criminals. Forensic accountants combine their knowledge of accounting and finance with law and investigative techniques to determine whether an activity is illegal. Many forensic accountants work closely with law enforcement personnel and lawyers during investigations and often appear as expert witnesses during trials.

In response to recent accounting scandals, new Federal legislation restricts the nonauditing services that public accountants can provide to clients. If an accounting firm audits a client's financial statements, that same firm cannot provide advice on human resources, technology, investment banking, or legal matters, although accountants may still advise on tax issues. Accountants may also advise other clients in these areas and may provide advice within their own firm.

Management accountants-also called cost, managerial, industrial, corporate, or private accountants-record and analyze the financial information of the companies for which they work. Among their other responsibilities are budgeting, performance evaluation, cost management, and asset management. Usually, management accountants are part of executive teams involved in strategic planning or the development of new products. They analyze and interpret the financial information that corporate executives need in order to make sound business decisions. They also prepare financial reports for other groups, including stockholders, creditors, regulatory agencies, and tax authorities. Within accounting departments, management accountants may work in various areas, including financial analysis, planning and budgeting, and cost accounting.

Government accountants and auditors work in the public sector, maintaining and examining the records of government agencies and auditing private businesses and individuals whose activities are subject to government regulations or taxation. Accountants employed by Federal, State, and local governments ensure that revenues are received and expenditures are made in accordance with laws and regulations. Those employed by the Federal Government may work as Internal Revenue Service agents or in financial management, financial institution examination, or budget analysis and administration.

Internal auditors verify the effectiveness of their organization's internal controls and check for mismanagement, waste, or fraud. They examine and evaluate their firms' financial and information systems, management procedures, and internal controls to ensure that records are accurate and controls are adequate. They also review company operations, evaluating their efficiency, effectiveness, and compliance with corporate policies and government regulations. Because computer systems commonly automate transactions and make information readily available, internal auditors may also help management evaluate the effectiveness of their controls based on real-time data, rather than personal observation. They may recommend and review controls for their organization's computer systems, to ensure their reliability and integrity of the data.

Internal auditors may also have specialty titles, such as information technology auditors, environmental auditors, and compliance auditors.

Technology is rapidly changing the nature of the work of most accountants and auditors. With the aid of special software packages, accountants summarize transactions in the standard formats of financial records and organize data in special formats employed in financial analysis. These accounting packages greatly reduce the tedious work associated with data management and recordkeeping. Computers enable accountants and auditors to be more mobile and to use their clients' computer systems to extract information from databases and the internet. As a result, a growing number of accountants and auditors with extensive computer skills specialize in correcting problems with software or in developing software to meet unique data management and analytical needs. Accountants also are beginning to perform more technical duties, such as implementing, controlling, and auditing computer systems and networks and developing a business's technology plans.

Accountants also act as personal advisors. They not only provide clients with accounting and tax help, but also help them develop personal budgets, manage assets and investments, plan for retirement, and recognize and reduce their exposure to risks. This role is in response to clients' demands for a single trustworthy individual or firm to meet all of their financial needs. However, accountants are restricted from providing these services to clients whose financial statements they also prepare. (See financial analysts and personal financial advisors elsewhere in the Handbook.)

Work environment. Most accountants and auditors work in a typical office setting. Some may be able to do part of their work at home. Accountants and auditors employed by public accounting firms, government agencies, and organizations with multiple locations may travel frequently to perform audits at branches, clients' places of business, or government facilities.

Most accountants and auditors usually work a standard 40-hour week, but many work longer hours, particularly if they are self-employed and have numerous clients. Tax specialists often work long hours during the tax season.

For the source and more detailed information concerning your request, click on the related links section (U.S. Department of Labor) indicated directly below this answer section.

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10y ago

The Chief Accountant (Accounting Supervisor), under the direction of the Vice President - Fiscal Services, is responsible for supervision and control of the general accounting area, financial statement and report preparation, assisting departments with the annual budget, budget reviews, as well as general accounting functions.

This includes the general ledger, payables, payroll, property, budget reporting, and statistical accumulation.

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9y ago

An accountant is in charge of keeping the books of a company. They will write checks and also pay bills that come in.

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13y ago

Verification and potential input of the financial aspects of a business which in turn should lead to payments to official bodies and declaring profit & losses.

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What qualfications are needed to become an accountant?

To become an accountant you must have a degree. To become certified you must take the state test and pass.

What are the qulifications for an accountant?

To be truly legit Accountant, one needs either a Certified Public Accountant (CPA), Certified Management Accountant (CMA) license. In order to keep either one of these licenses, the Accountant must complete Continuing Education courses. Second, an Accountant must have experience vs. book smarts. They need to have worked for several different businesses within an industry. They will need to have seen different accounting scenarios. Lastly, an Accountant must be somewhat of a perfectionist. They need to make sure what they are doing is accurate rather than guessing. To be truly legit Accountant, one needs either a Certified Public Accountant (CPA), Certified Management Accountant (CMA) license. In order to keep either one of these licenses, the Accountant must complete Continuing Education courses. Second, an Accountant must have experience vs. book smarts. They need to have worked for several different businesses within an industry. They will need to have seen different accounting scenarios. Lastly, an Accountant must be somewhat of a perfectionist. They need to make sure what they are doing is accurate rather than guessing.

Describe your personal qualities that suit the requirements of an Accountant?

An accountant must have a keen eye and patience. They must be detailed oriented, or they will assign business account incorrectly.

What is involved in being an accountant?

being good with numbers in all aspects of arithmatics

What is required by all living things?

Living things must be able to acquire nutrients and energy. This also means that living things must have a metabolism.

How and who prepares balance of payment?

The accountant prepares such things

What are significant points of being an accountant?

In order to be an accountant you must love math and figuring out problems. Another important aspect about being an accountant is the fact that it requires a four year degree.

What temperaments are necessary to become accountant?

You must be determined to be an accountant. It will also help if you are easy going and not too affected by stressful situations.

What sort of education does an accountant need in their resume?

An accountant needs to include the degree and college or university they attended while earning that degree on their resume. They must also state when they received their certification as an accountant.

Why accountant need a psychologist?

If you have earned a psychology degree but joined a firm as an accountant, you must understand basic accounting concepts before performing.

What three things must a sailor be able to do before he can be rated an able seaman?

knot sew and sail

What characteristics must all living things exhibit?

Characteristics 1. Must be able to evolve 2. Must be able to use energy 3. Respond to stimulus in the environment 4. Must be able to reproduce 5. Must be able to adapt to environment 6. Must be composed of cells 7. Must have different levels of organization