Meaning and Definition of Counter
An accountant is an individual who performs accounting duties for individuals or businesses. The exact material an accountant handles varies depending on the size of the business and the accountant’s specialization, but typically includes financial records, taxes, and financial reporting responsibilities.
An accountant is one of the main figures of a company for which he works, whether it is a multinational corporation or a small family business. Requirements to become an accountant vary by major and nation, but generally include certification through a professional agency and a basic college degree in accounting and finance.
Accounting clerks are generally permitted to work under the supervision of certified accountants.
In a small business, an accountant may be responsible for keeping all financial records. These records include payroll information, accounts payable, accounts receivable, retail sales, and information about investments owned by the business.
These accounts are kept organized in accounting books that are used to assess the financial health of a business. Ledgers are always kept up to date and can be consulted by managers and senior members of a company when they are making important business decisions.
An accountant will handle financial records, taxes, and financial reporting.
In larger companies, accountants also perform internal audits, to make sure the company’s financial records are accurate.
Due to bias concerns, an internal audit cannot be performed by an accountant who regularly handles the material in question, and many companies hire outside accounting firms to perform the audits.
When this occurs, the company should not be hired to deal with any other financial material of the company, as this may present a conflict of interest.
Accountants who perform audits may require state certification.
In most cases, an accountant will choose to specialize in a certain field, such as auditing, accounting, or tax. In other cases, an accountant may acquire a wide range of skills to better serve clients.
This is common for CPAs who manage the books of several small businesses at once. In both cases, the accountant must have strong math skills as well as an accounting education.
Depending on the type of accounting being performed, state certification may be required. State certification is often required for accountants who perform audits and other sensitive accounting tasks, while it is not as vitally necessary for accounting clerks working under the direction of certified accountants.
Typically, an accountant is also a member of a professional accountancy organization and takes advantage of meetings and seminars to keep up with developments in the field.