FUNCTIONS OF AN ACCOUNTANT
The
chief aspects of an accountant’s work are his responsibilities for the
following activities:
| Planning a system of accounting records and financial documentation appropriate to the business. |
| Recording transactions in chronological order and in appropriate categories. |
| Modifying the accounting procedures of the enterprise to provide reasonable safeguards against error and fraud. |
| Reporting to interested parties the results of the financial transactions (usually over a defined period) to show the profit or loss that has been produced and to show the financial position of the enterprise at the end of the period. |
| Analysing and interpreting these results to enable decisions to be made relating to business operations. |
| Participating
in planning for the future of the enterprise. |
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