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| *Ostroff, Fair and Company>>>Financial Services |
What does an accountant do? |
This is probobly a stupid question considering I am an accounting major. I am learning about journals, and balance sheets, quickbooks, invoices, income statements, trial balances, ect... But, what I want to know is... say I am hired as an accountant at some business. I go to work and then do what? This is a very general question that requires a very general answer. The accounting profession has many positions that do a wide variety of daily activities. The main areas in public practices are Tax and Audit. Larger firms will have you doing either one or the other, but not both. In smaller firms, you will be working in both areas. Tax associates prepare tax returns for Personal returns, Corps, P-Ships, LLC, etc. as well as advise on how to minimize tax liabilities. Auditors examine companies financial statements in order to give the general public reasonable assurance that the company's performance has been fairly stated. As for the corporate side, there are many areas that you may start your career including A/P, A/R, Billing, Cost Accountant, etc. These positions work on specific areas of a company's income statement or balance sheet that will ultimately feed up to the financial statements as a whole. Source(s): Experienced Associate at Big 4 you basically keep up with the finances of the company Accountants count money i believe, deducting tax ect. basicly money handeling It depends on what type of accounting you are hired for. I am a tax accountant and have many different clients. I create, maintain and analyze books for each client and use this info to file tax returns. This is a very simplified way of putting it. If you were hired for a large company as their accountant, you would have to maintain the company books, file sales tax returns, payrolls, payroll taxes, franchise tax reports, handle budgets, etc. Hope this gives you an idea of what you would be doing. Basically you will maintain the financial statements to be presentable, numbers on the book must make sense, and when the company gets an audit, the company is all compliant and not get in trouble. |
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