The Accountant !EXCLUSIVE!
The presentation of Ben Affleck's crack accountant / lethal weapon as an autistic superhero has apparently not sat well with a few people. But if you're coming into a Hollywood blockbuster expecting it to be a sensitive portrayal of the disorder, then you're looking in all the wrong places.
The accountant or auditor is responsible for properly recording all municipal financial transactions in the community. This official prepares financial reports and ensures compliance with state and local reporting requirements. All bills for payment are approved by the accountant/auditor, who then monitors spending to assure that sufficient funds exist for purchases, and that goods have been received and services rendered before payment is made. Learn more about the role of the accountant/auditor by reviewing the resources below.
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Cost accountants determine the costs of products and services by analyzing records and depreciation data. They classify and record all operating costs so management can control expenditures and may also assist in making management decisions.
Tax accountants prepare federal, state or local tax returns for individuals or organizations according to prescribed rates, laws and regulations. Tax accountants will often specialize even further in an area such as corporate income, individual income or property tax.
Government accountants exist at the federal, state and local level. At the federal level, they may work to investigate white-collar crime or manage public funds. At the state and local levels, they may work to manage use of local revenues, investigate fraud and perform lower-level audits.
Forensic accountants work as investigatory accounting professionals. They often work in conjunction with an ongoing or anticipated legal issue and are charged with uprooting questionable financial data and uncovering fraud, embezzlement, money laundering and other financial misconducts.
Accounting information system professionals generally have an educational background of general business as well as information systems. They can work in a variety of positions, including systems auditors, consultants and accountants. They may help companies develop accounting information systems, assess the data within the systems or make it available to other accounting professionals.
Nonprofit accountants help organizations ensure financial health and stability, maintain standards for financial data, and make decisions based on the fiscal capabilities of the nonprofit.
Essentially, bookkeepers help nonprofits track and manage the daily transactions and financial information of the organization. Meanwhile, accountants take it a step further to help nonprofits with the big-picture financial information.
Accountants generally have at least a four-year education in the field of accounting. When your nonprofit hires an accountant, you should also make sure the individual has their CPA (certified public accountant) status. This is given to accountants who take a specialized test that proves their knowledge in the field.
This specialized knowledge helps accountants fulfill the duties listed in the previous section. They can help your nonprofit create strategies to boost your financial standing and complete projects in a fiscally responsible way.
Many nonprofits may ask the question: How big does my nonprofit need to get to warrant the expense of an accountant? The answer: every nonprofit needs access to an accountant to grow.
Good accountants do more than crunch numbers. They look at those numbers the way a business owner (like you) would. That means they can use what they see to help with the strategy side of your business.
A forensic accountant specializes in sifting through financial data to investigate legal matters, like fraud (yikes!). They can work with the government, large accounting firms and private businesses to identify and prevent fraud.
A great place to start is with Canadian mystery writer Ian Hamilton and his quirky detective novels featuring deadly 115-pound Ava Lee. She is a young Chinese-Canadian genius freelance forensic accountant, computer hacker, and martial-arts expert with a talent for unravelling complex white-collar financial crimes.
This Accountant job description template is optimized for posting on online job boards or careers pages. You can easily customize this template to add any accountant duties and responsibilities that are relevant to your company.
An accountant is a trained professional who records business transactions on behalf of a company or organization, reports on company performance to management, and issues financial statements. So, they are mainly responsible for the process of preparing and examining financial records. Although, when it comes to the job, that is but the tip of the iceberg of their responsibilities. Their duties encompass a considerable portion of financial work.
As such, this knowledge helps with the efficiency of the job. Helping an accountant understand the business dynamics, staff skills, and capabilities, in turn, makes the analysis and problem-solving much easier tasks.
Leadership skills are widely appreciated in the work industry, regardless of the job description. These skills include traits that are not usually natural to a lot of people. When it comes to accountants, this asset becomes important exactly because of the characteristics it carries.
Being analytical is one of the fundamentals of being an accountant. Every prospective accountant should work on perfecting it because it is the very essence of their job. With well-developed analytical skills, a person would be able to recognize and resolve problems quickly.
Reconciling is used by accountants to make sure there is no financial misappropriation or theft happening. These two balances should have no discrepancies, and if they do, it should be explained in the reconciliation statement.
How much we understand the weight accountants carry in the world of finance and business is directly linked to how well we understand what they do. Their daily duties require, not only academic knowledge but good sets of soft and technical skills. And while most employers will take into account both types of abilities, some would prefer one over the other.
(1) "Client" is a person, including a public officer, corporation, partnership, unincorporated association, or other organization or entity, public or private, to whom professional services are rendered by an accountant, or who consults an accountant with a view to obtaining professional services from the accountant.
(b) Any other person who makes or receives a confidential communication for the purpose of effectuating representation by an accountant for the client, while acting in the scope of employment for the client.
B. General rule of privilege. A client has a privilege to refuse to disclose, and to prevent another person from disclosing, a confidential communication, whether oral, written, or otherwise, made for the purpose of facilitating the rendition of professional accounting services to the client, as well as the perceptions, observations, and the like, of the mental, emotional, or physical condition of the client in connection with such a communication. This privilege includes the protection of other confidential information or material obtained by the accountant from the client for the purpose of rendering professional services. This privilege exists when the communication is:
(3) By the client or his accountant or a representative of either, to an accountant or lawyer, or representative of an accountant or lawyer, who represents another party concerning a matter of common interest.
(1)(a) If the services of the accountant were sought or obtained to enable or aid anyone to commit or plan to commit what the client or his representative knew or reasonably should have known to be a crime or fraud.
(b) Concerning the testimony of a representative of an accountant regarding a communication relevant to an issue of authenticity or capacity concerning a document to which the representative is a witness or notary.
(5) Which is relevant to a matter of common interest between or among two or more clients if the communication was made by any of them or their representative to an accountant or his representative retained or consulted in common, when subsequently offered by one client against the other in a civil action.
(6) Concerning the identity of the accountant's client or his representative, unless disclosure of the identity by the accountant or his representative would reveal either the reason for which accounting services were sought or a communication which is otherwise privileged under this Article.
(9) Concerning disclosures in ethical investigations of an accountant conducted by private professional organizations whose proceedings are protected from discovery pursuant to R.S. 37:86 or in the course of quality or peer reviews.
D. Who may claim privilege. The privilege may be claimed by the client, the client's agent or accountant, or the successor, trustee, or similar representative of a client that is a corporation, partnership, unincorporated association, or other organization, whether or not in existence. The person who was the accountant or the accountant's representative at the time of the communication is presumed to have authority to claim the privilege on behalf of the client, former client, or deceased client.
Any business must do its books and sign off on the accounting. Some businesses employ an external accountant, and others have an accountant on staff. No matter which type of accountant you are, you can use the Accountant Role Center as your Home in Business Central. From here, you can access all pages that you need in your work.