They manage the money!
Role of chartered accountants is to minimize cost and to maximize profit.
They are in charge of the numbers. They track all the income/spending to tell you how well your company is doing. Cost accountants - tell you how much your product costs. Tax accountants - prepare the tax returns (Federal, State, etc.)
Accountants keep track of the budget's that a company has. They also track all of the expenses that a company has to make sure they stay within budget.
Accountants have many roles in an organization. A management accounting will create and understand production reports and make timely and valuable decisions to increase the company profits.
the father is there for support. financially, and emotionally.
The role of accountants have changed because of many different circumstances. Let us explore a few of them:TechnologyThe improvement of technology and methods for accounting have changed the roles of accountants. There are now electronic methods for recording, summarizing and analyzing financial figures. In the past, primitive accountants had to record everything on papyrus or on dirt.KnowledgeOver the years, accountants and accounting firms have gained tremendous knowledge through centuries of experience. Also, the need for businesses and businessmen to access accounting knowledge has resulted in accountants having to teach and educate people.Complexities of BusinessesAs businesses grow, so do their complexities. As a result, accountants' roles have had to adapt to these changes i.e. their work is more intense and skills driven.
One of the most financially rewarding jobs is a doctor or a business role. CEOs and others make a large salary.
accountants earn a very good salary whether they work for a business or run their own business due to the important role they play in growth and proper working in a venture read more at http://www.howtostartabusiness.ws/bookkeeping_service.php to understand the good pay scale of accountants
The accountants who examine such statements must consider whether the sources of information used by the client are sufficient to support the assumptions reflected in the prospective statements.
Financial Accounting, Managerial Accounting, and Auditing.
Accountants and auditors are primarily regulated by organizations such as the Public Company Accounting Oversight Board (PCAOB) in the United States, which oversees the audits of public companies. Additionally, the American Institute of Certified Public Accountants (AICPA) sets professional standards and ethics for CPAs. In many countries, national accounting boards or regulatory authorities also play a role in overseeing the profession, ensuring compliance with relevant laws and standards. Internationally, the International Federation of Accountants (IFAC) promotes global standards and practices for the accounting profession.
NASBA's committees consult with professional organizations, including the American Institute of Certified Public Accountants (AICPA), the National Society of Accountants, and the American Accounting Association