Accountant Job Description Of Three Major Accounting Fields

An accountant’s job primarily involves maintaining financial records of the company and paying taxes properly and on time. There are myriad of job functions in accountancy. An accountant performs vital functions to businesses by offering a wide array of business and accounting services, including public, management and government accounting, as well as internal auditing.

Given below is the accountant job description of three major field of accounting:

1. Public Accountant: The job of a Public Accountant involves performing a broad range of accounting, auditing, tax, and consulting activities for clients, which may be corporations, governments, nonprofit organizations, and individuals. Public Accountants can specialize in particular domains such as tax matters where he/she would be responsible for advising companies about the tax advantages and disadvantages of certain business decisions and preparing individual income tax returns. Others may prefer to specialize in auditing financial statements. Most of the Public accounts are Certified Public Accountants (CPAs).

2. Management Accountant: A management accountant is also called a cost, managerial, corporate accountant who is responsible for recording and analyzing the financial information of the companies for which they work. The management accountant job description includes budgeting, performance evaluation, cost management, and asset management. Often management accountants are part of the strategic planning and decision making team, where their role is to analyze and interpret financial information that corporate executives need in order to make sound business decisions. They are also responsible for preparing financial reports for other groups, including stock holders, creditors, regulatory agencies, and tax authorities. They may work in different domains that include financial analysis, planning, budgeting, and cost accounting.

3. Government Accountant: A government accountant is responsible for maintaining and examining the records of government agencies. They are employed by Federal, State, or local governments. They make sure revenues are received and expenditures are made in accordance with laws and regulations. Those employed by the Federal government may work as Internal Revenue Services agents.

Accountants in all three domains can work for a company, or they can also be self-employed, and provide accounting services to individuals, businesses, or both.

In addition to educational and technological requirements, an accountant job description may include, strong interpersonal and communication skills, because accountants working with team members of different backgrounds should have the ability to communicate accounting and financial information clearly and concisely.

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