financial accounting and cost accounting
the roles of financial accountant
In a public sector organisation, the rold of an account is similar to an accountants role in any other organisation. It Involvs: If the account method practiced is manual: Journal Entry ledger posting Trial balance, Profit and loss account Balance sheet reporting the management about the financial position of the business Management reporting Budgeting Maintaining accounting standards Maintaining accounting records It the organisation has a software (automatic method of accounting)then: Database management management reporting Budgeting Auditing
roles of accountant in a banking sector
The senior accountant within a company or organisation.
DISTNGUISH between finance, management accountant and financial accounting
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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.
Kindly furnish me with the roles of a cost accountant in any manufacturing company
Cost accountant is part of Management Accounting. General Accountants are are mostly relevant to Financial Accounting
There are many advantages of being a certified management accountant. Some of the advantages and benefits of being a certified management accountant include job opportunities, career advancements, good pay, membership in professional networks, and mobility. Being a certified management accountant allows many to excel in budgeting, control, decision support, financial planning, and forecasting.
Management control is the process by which manager influence other members of the organisation to implement the organisation strategies.
A management accountant might contribute to a formal decision making process by ordering feasibility studies. A management accountant can also tell everyone how much things will cost and how much profit can be made.