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ACCOUNTING

See Beyond the Numbers

Accountancy is the study of theories, principles, and practices in the recording, analyzing, and communication of financial information. This discipline explores the flow of transactions in quantitative form and the role of reporting in the overall system for financial control in business, industry, and government.

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Accountants are responsible for the management and reporting of financial data of an organization. Their duties include preparing financial statements, examining and analyzing company accounts, and ensuring compliance with financial reporting standards. Different types of Accountant duties and responsibilities may include:

  • Reconciling company bank statements and bookkeeping ledgers 
  • Managing subsidiary accounts for receivables and payables 
  • Verifying adequate documentation for vendor disbursements 
  • Updating and maintaining the company chart of accounts
  • Preparing month-end adjusting journal entries 
  • Utilizing accounting computer software to generate timely financial reports
  • Maintaining the inventory ledger and recording deliveries as received
  • Identifying opportunities to improve workflows and streamline processes

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