Question

what are the roles and responsibilities of an accountant?

Answer 1

Ans:

Accountant is a professional who performs accounting functions such as Audits or financial statement analysis. In simple terms Accountant is professional who is resposible for Keeping and Interpreting financial records.

The Roles and Resposibilities of an Accountant are very crucial for the growth of an organization. If an accountant performs his duties well, the most of the functions of an organization are going in a smooth and efficient manner. The regular duties of an Accountant will vary by position (hierarchy) and organization (i.e. size and nature of business of the organization).

Most common Roles and Resposibilities of an Accountant:

• Ensuring accuracy of financial documents
• Preparing financial statements in accordence with the applicable financial reporting frame work
• Ensuring the compliance with relevant laws and regulations
• Preparing and maintaining important financial reports for assessing the performance and efficiency of the organization.
• Preparing and maintaining important financial reports for the interest of different stakeholdes like investors, banks, government, suppliers, customers etc..
• Preparing tax returns and ensuring that taxes are paid properly on time to avoid penalty and other regulatory actions
• Offering guidence to those charged with governance relating to cost reduction,revenue enhancement, profit maximization
• Evaluating financial operations to recommend best practices, identify issues and to provide solutions
• Perform forecasting and risk analysis assessments