— Mary Archer, British Scientist
Accounts managers or Accountants make balance sheets for organisations. In the present times, accounting has become a rewarding profession. Accountants help to keep records accurately, pay taxes in time and thus ensure that organizations are more efficient. They offer accounting and business services for clients or employers.
MapMyTalent offers comprehensive career information on what an Accounts Manager does, how to become an accounts manager, where to study, expected salary of an accounts manager, and the career prospects once one becomes an accounts manager.
What does the job of an accountant / accounts manager include?
Accounts Manager / Accountant is responsible for accounting work to maintain proper accounts for the organization. They record the revenues, expenditure, assets and liabilities of the company. They make financial statements and coordinate with the auditors of the company. They manage cash and coordinate monthly, quarterly and annual closing of accounts. They have to follow the accounting procedures and processes as per the laws applicable.
Management accountants analyze the financial information of the company for which they work. They are also involved in budgeting, cost management, and asset management. Management accountants analyze and interpret the financial information that corporate executives need in order to make sound business decisions. They also prepare financial reports for non-management groups, including stockholders, creditors, regulatory agencies, and tax authorities.
Another very important activity that they do is internal auditing. Internal auditors verify the accuracy of their organizations records and check for mismanagement, waste, or fraud. They also review company operations evaluating their efficiency, effectiveness, and compliance with policies and procedures, laws, and government regulations.
Computers have changed the nature of work for accountants. They use various software to help them carry out their tasks.