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Job Description Of Accounting Services Offered By a CPA







The job of an accountant includes a number of different services and the main one out of them is preparing proper records of all financial transactions and paying the correct tax on time. Individuals need accountants to manage their personal accounts or private business accounting and for this position often a simple accountant with a basic degree in accountancy will suffice. But when accountants are required to handle huge corporate or government accounts they have to be highly qualified and skilled in this line to be able to perform well and nothing less than a CPA certificate will suffice.

Major fields of accounting services

The various accounting services offered by professional accountants can be broadly categorized into four major fields.

The first one is public accounting that includes services like accounting, auditing, tax compilation, and other consulting services for their clients. Clients that require a public accountant are big corporate houses, governments, corporations, trusts, other organizations and also individuals engaged in huge businesses. For this type of job accountants with special qualifications are required and having a Certified Public Accountant qualification is a great advantage here.

Management accountant job is another type of service and involves mainly budgeting, costing, asset management and planning and other such specialised jobs. These accountants analyze and interpret financial information and make them available to the executives for taking proper decisions in relation to planning, budgeting, investments, etc.

A government accountant is one who works for public sector undertakings for maintaining, examining, and auditing of records ensuring that they are following all rules and regulations laid down by the government, they also take care of the taxations. These accountants are employed by the Federal, State or the local governments and ensure that the revenue and expenditure of the government body is as per regulations and the laws that are in existence.

Internal auditor is an accountant who checks the internal records of their clients for accuracy and are there mainly to identify mismanagement, frauds or waste expenditures. They work like the internal controls for their clients and ensure that the records are properly maintained and they evaluate the company's financial systems, management and information systems making sure they are running accurately and efficiently. They further ensure that the company adheres to all the policies, rules and regulations stipulated by the government. The responsibilities of such an accountant could also include data processing, auditing, insurance and tax reviews, and other such accounting related areas.

Style of functioning of an accountant

An accountant can either work independently or be employed in an accounting firm; usually the corporate houses hire the services of an accounting firm of repute to take care of their multiple accounting needs. A self employed accountant mostly is hired by individuals or the smaller businesses for their accounting requirements.

Big or small all businesses need an accountant either with a basic accounting degree or a master's degree in this subject but for the giant corporations CPA qualification is an absolute necessity, and the demand for well qualified, experienced and smart thinking accountants is always on the rise.


About Author Laura Lee :

To know more information about CPA Minneapolis then Click <a href="http://www.haugenbinioncpa.com/" target="_blank">http://www.haugenbinioncpa.com/</a>


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Article Added on Wednesday, July 9, 2014
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