Free Articles  >>  Business And Finance >>  Page 1  >> 

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="" target="_blank"></a>

Article Source:
Article Url:

Article Added on Wednesday, July 9, 2014
Other Articles by Laura Lee

What An Accountant Job Entails
An accountant part requires working to make sure that persons and business organizations maintain premium quality records in addition to pay taxes at the right time. An accountant's functions and obligations may seem easy. However some of the duties they perform may not be quite clear. Basically an accountant offers several vital services to both individuals and businesses with respect to the subject of accounting that the individual specializes in. These fields entail internal auditing...

What Makes A Good Accounting Firm
Accounting firms come to play in your business when you face taxation problems and financial liabilities. Firms that handle accounting help you in tracking, organizing and updating your financial records and keep your financial books clean. Based on your needs and your organization's strength, you will have many firms that would be willing to extend accounting services to you. Finding a good firm that can handle all your accounting needs is a small challenge. There are many firms that are...

Choosing An Accounting Firm
Your accounting firm is likely to play a vital role in the financial aspects of your business; therefore, it is important that you choose a right firm. With a growing number of firms around, operating in different ways, offering variety of services and charging different fees, it is difficult to make informed decisions to connect to the firm that best suits to your business needs. There are three key factors to consider when you have an accounting firm associated with you: Surprises that...

Important Role Of Accounting Firms
The trend today in the business world is to outsource their accounting needs to accounting firms who have a good reputation of reliability. Most of the large corporate houses hire accountants or book keepers for their regular work and outsource the rest of the task to these firms who being in this line for considerable time are updated on all the economic reforms and changes in accounting concepts brought about and adhere to the rules and regulations stipulated from time to time. The...

Advantages Of Online Accounting
Accounting firms are indispensable not only to the large corporate houses but also to the smaller business community to sort out all of their financial aspects and prepare and file reports as per the stipulated norms. All companies require the help of either individual accountants or the more experienced accounting firms for their financial transactions and reporting them duly analyzing the data collected. Accounting firms further help to enable the businesses to meet their goal of making...

Hiring the Services Of an Accountant As Per Your Requirements
Accountant is a professional who understands and checks the financial pulse of the organization he serves and ensures a smooth and a balanced rhythm. Accountants are required not only for the big corporate houses and government bodies but also for individuals to take care of their financial management be it a private business or on the personal level. Not all of us are adept at dealing efficiently with our assets and liabilities and make a lot of irretrievable errors and mess up our...

How To Pass The CPA Exam On The First Attempt
Would you like to become a CPA and are currently living or working in Illinois? In fact, even if you live outside of IL, you can consider to sit for the exam through Illinois because of its uniquely favorable CPA exam requirements. I am going to provide a step-by-step explanation in the following article. Beginner's Guide On How To Become A CPA You may not realize, but the CPA qualification is granted by each state via the respective State Board of Accountancy, instead of a governmental...

Duties Of An Accountant
The role of an accountant in a business firm whether small or large is very important and deals with different aspects of accounting both simple and highly complex. An accountant is the one who takes care of all the financial reports, records and most importantly filing tax returns for the company in an appropriate manner. The main duty of an accountant to put in simple words is to collect all financial data, analyze and summarize the information in proper format; they help the firm to...

Who Is A Certified Public Accountant
Mostly referred to as CPA a certified public accountant is really a trained accountant who has completed and passed a sequence of tests. He/she is certified by the state and is competent to perform a handful of services like tax auditing, corporate accounting as well as making and maintaining accurate records. There are numerous important things that one should realize in order to become a public accountant. That is they must pursue a college education in bookkeeping, finance and business...

Travails of An Accounting Job
An accountant job is not an easy one and is fraught with a lot of responsibilities with the business community looking up towards them for providing solutions for all of their financial aspects. An accountant job involves basically keeping a tab on all of the income and expenditure of the company or the individual that hires their services and this involves meticulous maintenance of all the financial reports and records. They have to assimilate all the data, analyze them and report the...

Click here to see More Articles by Laura Lee
Publishers / Webmasters
Article ID: 475938
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

231 Users Online!!
Related Articles:
Latest Articles:
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Cheap Wordpress Hosting Provided By AwareIndia

Company IDS