Duties and Responsibilities of Accountant

The role of an accountant is one of multiple inter-connected disciplines, primarily based on numeracy and analysis. Accountants may choose to work as a permanent employee of an established organization, or go into business freelance. Likewise, they may specialize in complex corporate accountancy for larger businesses, or individual clients running smaller enterprises. The duties and responsibilities of accountants incorporate the financial tasks and strategic monitoring their clients’ businesses depend on. From taxation compliance to cost control to effective budgeting, the accountant plays a key role in keeping the business profitable.

This tutorial provides a comprehensive overview of the major accountant roles and responsibilities. It includes an exploration of various accounting personnel, along with common accountancy methods and styles. The double-entry system is broken down and discussed, along with the differences between accounting and book-keeping. Debits and credits are also introduced from the perspective of the working accountant, along with the most important accounting terminology.