Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.An accountant is a professional who handles the bookkeeping and prepares financial documents like profit-and-loss statements, balance sheets and more. They perform audits of your books, prepare reports for tax purposes, and handle all the financial information that's part of running your business.As an accountant you will be responsible for preparing accounts, budgeting and managing financial information. You could also be advising and helping clients, whether that’s individuals or international companies, on financial situations.Accountants core responsibilities are typically to prepare and examine financial records, assuring information is up to date and accurate. However, you could specialise in particular areas such as forensic accounting or taxation or focus on more specific areas of a company's financial department.Accountants generally work in an office environment between 9 and 5. This can vary depending on your job role and who you work for. However, accountants typically work longer hours during busy times of the year, such as the end of the tax month and end of the financial year.If you work for a large firm, you will often be based in their offices and work closely with the finance, management and operations teams. Sometimes, local and international travel could be required to visit clients if you work at an accounting firm or run your own practice.Studying Accounting & Finance could be ideal for you if you enjoy maths and want to apply it to business, whether that's management, business law or economics.
Knowledge of accounting and financial theories and practices, such as strategic investment, taxation, pensions, reporting standards
Competences could include auditing, financial accounting, management accounting, preparing financial statements
Skills with industry-standard IT such as Bloomberg terminals or accounting software
Communication (written and oral)
Critical and analytical thinking
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