Estimates from the U.S. Bureau of Labor Statistics show that as of 2010 there were approximately 2.1 million accountants in the United States. A bachelor’s degree in accounting or a related field is the basic educational qualification for an accounting officer. Knowledge of accounting principles, budgeting, auditing and business administration equip accounting officers to carry out their responsibilities, which vary from one organization to another.
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Review Financial Reports
An accounting officer reviews a business's financial reports and other documents to ensure they are accurate. Documents that undergo his scrutiny include invoices, receipts, ledgers and purchase orders. He reviews the books of account, and confirms that records of expenditures and profits of a business are correct. He analyzes all other fiscal activities and certifies that they comply with accounting and legal requirements. In the event of any misappropriation of funds, evidenced by financial records, he reports the matter to management for redress.
Budgetary Follow-Up
Preparation of a budget for a business is the responsibility of the accounts and finance office. The officer assists in formulating and monitoring the budget of a business and provides recommendations on budgetary allocation. The accounting officer monitors expenditures, revenue and use of company resources to ensure businesses operate within budget. He also provides monthly or quarterly reports to management on budgetary performance.
Estimates from the U.S. Bureau of Labor Statistics show that as of 2010 there were approximately 2.1 million accountants in the United States. A bachelor’s degree in accounting or a related field is the basic educational qualification for an accounting officer. Knowledge of accounting principles, budgeting, auditing and business administration equip accounting officers to carry out their responsibilities, which vary from one organization to another.Ads by GoogleSimple Project ToolsEasily Create & Link Project Plans. Try It Free!projectmanager.comReview Financial ReportsAn accounting officer reviews a business's financial reports and other documents to ensure they are accurate. Documents that undergo his scrutiny include invoices, receipts, ledgers and purchase orders. He reviews the books of account, and confirms that records of expenditures and profits of a business are correct. He analyzes all other fiscal activities and certifies that they comply with accounting and legal requirements. In the event of any misappropriation of funds, evidenced by financial records, he reports the matter to management for redress.Budgetary Follow-UpPreparation of a budget for a business is the responsibility of the accounts and finance office. The officer assists in formulating and monitoring the budget of a business and provides recommendations on budgetary allocation. The accounting officer monitors expenditures, revenue and use of company resources to ensure businesses operate within budget. He also provides monthly or quarterly reports to management on budgetary performance.
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