Accounting As A Profession Flashcards
Who uses accounting skills?
Businesse, governments, finance, hospitals, schools, and non profits
What does a bookkeeper do?
Prepares accounts and trial balances, balancing accounts, payroll and inventory records
What qualities do bookkeepers need?
Integrity, accuracy, reliability and confidentiality
honesty can be an extra
What are some skills required for a bookkeeper?
IT, Interpersonal, Analytical and communication skills as well as expertise in bookkeeping skills and techniques
What are traditional career examples for the bookkeeper?
Accounts receivable clerk or payroll clerk
What are emerging roles for the bookkeeper?
Bookkeeping software specialist or payroll software operative
What are the main responsibilities of an accountant?
Prepares or analyzes financial statements, supervises bookkeeping staff and manages taxes.
What qualities are required for an accountant?
Integrity, honestly, reliability, confidentiality and analytical skills
IHRCA
What are traditional roles for accountants?
Accounts manager, tax accountant or internal auditor.
What are emerging roles for accountants?
Environmental accountant, accounting software developer and e-commerce specialist,
What are the roles of a financial accountant?
Providing financial reports for stakeholders
What are the roles of a management accountant?
Aids internal decision-making by providing information
What does a forensic accountant do?
Detects and prevents fraud and gathers evidence for lawyers and insurers.
List the jobs from each section
Management: payroll manager, marketing manager, hr manager
Insurance: actuary, claims investigator, underwriter
Banking: bank clerk, bank manager, investment banker
Entrepreneurship: Designing, launching and running a new business
What are the broad careers in accounting?
Accountant, Management, Insurance, Banking and Entrepreneurship
AMIBE
