Accounting manager is responsible for maintaining accounting details such as financial transactions, financial reports of the company, etc. He handles all the senior level responsibilities of the accounting and handles a team of accountants. He is in close relation with the finance and sales department of the company. Collects statistics from these departments and prepares reports and financial statements for the company. The company takes help of these reports and financial transactions to make any business related decisions.
Work Profile
An accounting manages assigns targets for the accounting staff of the company and makes sure that the assigned tasks are completed on time. He plans the monthly, quarterly and yearly plans for the company and makes sure that the reports are closed on time. Most of the times he guides the accounting staff in calculations and collection of statistics from all the departments of the company and makes sure that all the accounting team has the gathered and appropriate information. He then analyzes the collected information and handles the processed information to the accounting team for further use. Some of the common work responsibilities handled by the accounting manager are as given below.
Accounting Manager Work Responsibilities:
Job Scope
In every business there are financial transactions. Maintenance of records, statements and reports of these financial transactions is very important to run a business smoothly which is done by an accounting manager. Hence, an accounting manager can find work in any business sector and any organization. There are firms that provide accounting services for some small scale organizations and individuals, an accounting manager may also work in such organizations.
An accounting manager may work as a management accountant, government accountant, public accountant or an internal auditor. His roles and responsibilities vary depending upon his position and the business sector in which he is employed.
Management accountants follow various procedures such as strategic management, performance management and risk management. He generally makes cost and asset management of the company through application of accounting principles
Government accountants, apart from managing accounting tasks of the government companies and firms, audit other government and private organizations to make sure that proper statements are maintained.
Public accountants are most of the times consultants who analyze the current financial statements of the company and assist on tax and other issues to the company.
Some accounting managers also work as internal auditors who check for the accuracy of the financial reports of the company.
Work Environment
Accountant managers work in their own office or sometimes visit the clients office if they are self-employed or working in the companies that provide accounting services. Most of the times other junior level accountants visit clients' office to collect information. They have to interact with the higher level management of the company frequently.
Current Industry Trends and Employers Requirements
Employers look for experienced individuals for this position. An individual should have sound accounting experience and knowledge of accounting principles. Individuals with master's degree in Accounting, Business Management, and Finance are preferred over individuals with bachelor's degree. They should be comfortable at handling advanced technologies and adaptable to the current trends.
Career Path and Growth Opportunities
Accounting managers can work as accounting directors after respectable number of years of experience. They can also undertake various senior level responsibilities related to the finances of the company.
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