Types of Accountants

Question 1

Management Accountant

Answer 1

Works within a large business, preparing and monitoring budgets and evaluating the entity’s activities to find areas that can be improved

Question 2

Financial Accountant (aka chartered accountants)

Answer 2

Preparation of financial statements and interpreting these statements to give financial advice and help others with financial decision making

Question 3

Taxation Accountant

Answer 3

Preparation of tax returns and GST, and giving other taxation advice.

Question 4

Government Accountant

Answer 4

Works for central of local government, preparing and reporting the finical information for these agencies.

Question 5

Accounting Technician (aka Accounts Clerk)

Answer 5

Preparation of a business’s journals and ledgers and of GST returns, bank reconciliation and other financial statements to give to the financial accountant to use.

Question 6

Auditor

Answer 6

Checking the accuracy of the accounting systems and financial statements of an entity to ensure they provide a “true and fair” view of the entity’s finances

Question 7

Cost Accountant

Answer 7

Dealing with the costs of production and production budgets for a manufacturing business.