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What is an Accountant?

Mary McMahon
Mary McMahon
Mary McMahon
Mary McMahon

An accountant is an individual who performs accounting tasks for individuals or companies. The exact material that an accountant handles varies depending on the size of the company and the accountant's specialization, but generally includes financial records, taxes, and responsibility for the issuing of financial reports. An accountant is one of the primary figures in a business that he or she works for, whether it is a multinational corporation or a small family owned business. Requirements to become an accountant vary upon specialization and nation, but generally include certification through a professional agency and a basic college degree in accounting and finance.

In a small firm, an accountant may be responsible for keeping all financial records. These records include payroll information, accounts payable, accounts receivable, retail sales, and information regarding investments held by the company. These accounts are kept organized in ledgers which are used to asses the financial health of a company. Ledgers are always kept up to date, and may be consulted by managers and high ranking members of a company when they are making major business decisions.

An accountant typically handles financial records.
An accountant typically handles financial records.

In larger firms, accountants also perform internal audits, to ensure that the financial records of the company are accurate. Because of bias concerns, an internal audit cannot be handled by an accountant who regularly handles the material concerned, and many companies hire outside accounting firms to perform audits. When this is the case, the company should not be contracted to handle any of the company's other financial material, as this may represent a conflict of interest.

An accountant will handle financial records, taxes, and be in charge of financial reports.
An accountant will handle financial records, taxes, and be in charge of financial reports.

In most cases, an accountant will choose to specialize in a particular field such as audits, book keeping, or taxes. In other instances, an accountant may acquire a wide range of skills to better serve his or her clients. This is common with certified public accountants who handle the books for several small businesses at once. In both instances, the accountant must have strong math skills, as well as an education in accounting.

Accountants who perform audits may require state certification.
Accountants who perform audits may require state certification.

Depending on the type of accounting being performed, certification by the state may be required. State certification is usually required for accountants who perform audits and other sensitive accounting tasks, while it is not as vitally necessary for accounting clerks who work under certified accountants. Commonly, an accountant is also a member of a professional organization of accountants, and takes advantage of meetings and seminars to keep up with advances in the field.

Mary McMahon
Mary McMahon

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a PracticalAdultInsights researcher and writer. Mary has a liberal arts degree from Goddard College and spends her free time reading, cooking, and exploring the great outdoors.

Learn more...
Mary McMahon
Mary McMahon

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a PracticalAdultInsights researcher and writer. Mary has a liberal arts degree from Goddard College and spends her free time reading, cooking, and exploring the great outdoors.

Learn more...

Discussion Comments

anon933670

It's Juston again. Today, I have found out that accountants like my father analyze and record financial information.

anon933591

What benefit does accounting provide for society?

How does this pass an advantage down to you when you work as a major in accounting?

What's the usual salary received?

Is it possible to move to a manager, instead of a normal businessman/businesswoman? If the response to this inquiry is yes, please elaborate with your reasoning.

I understand that the main equation utilized in most accounting firms is "Owner's Equity=Assets+Liabilities."

I am only thirteen and I want to gain a true insight of how accounting works with an elucidation to clarify my misunderstandings.

If anyone has any advice or assistance, please respond to this message.

Juston L., 13, Queens, NY

anon334396

I am an advance level graduate with economics, maths and geography. I did a one year administrative assistant course and a beat of book keeping and accounting. I'd like now to be and accountant but do not know the type of accounting to do. Please help me.

anon327097

I am currently a first year student and I am studying BCOM Accounting. I would like to advise those who want to be accountants to follow their hearts and be prepared because it is not easy at all, especially if you did not do accounting at school, but if it is your passion then you will succeed.

anon289595

I am working as a cashier in a private firm but I really want to understand more about accounting and be one in the future. Which courses of study will qualify me?

anon278715

What are some jobs related to being an accountant? Is an actuary one? Just wondering.

anon270292

I'm doing physics and life science at school but I would like to be an accountant. Is that possible for me? Please share information about this career.

anon258560

BS Accountancy is the course that I'm going to take up in college. I chose this course because I want to be a Certified Public Accountant someday. Now, I'm wondering how can I fulfill this goal in life. I really want it. I'm not that good in math but I can follow the procedures on how to solve the problems. I want to ready myself to studying this course. What should I

do?

Alvinjoe

I also want to became an accountant.

anon252743

I am in year 9 and basically have my life set. I want to be an accountant at KPMG. I have folders and folders and pages of information about RMIT university and the atar scores you need to graduate at RMIT university. Any good tips on how to further improve my chance of getting a good accounting career? Suggestions are very much appreciated!

anon240126

I want to be an accountant. I like the idea of wearing suits and doing math most of my life. What can or what do I have to do to become an accountant?

anon205885

well, accounting is what really is being offered in virtual accounting services. The difference is on how the service is being delivered.

anon179079

i have only a grade 10 certificate. Can i study to be an accountant?

anon154140

according to others, to be an accountant is very complicated. Is it really true?

anon145381

how do i go about studying for this career and how long does it take to qualify for this and where can i study?

anon145314

I am a Bcom graduate with a specialization in accounting. I'm not sure that this qualification is enough to become an accountant.

anon144251

am already studying accounting as my first degree. please tell the necessary things to do, to get to the top.

anon132170

I am a first year b.com student and i am working as an accountant. i want know how to create a structure in this field. can you guide me?

anon131756

I want to be an accountant, but what should i do?

anon113296

am starting a degree course of accounting, so how can i be the best in the course study of accounting?

anon112187

I want to know the general rules governing accountants. Could you please help me know them for my research?

anon107000

i am very interested to work as an accountant. But how can I do it? --janak

anon99645

I am now working with an organization from France that it is focused on education for all. my position in this INGO is accountant. i want to improve my accounting skills so what should I learn to do it? Thanks.

anon92086

i am a not a accountant but i want to know about accountants. Please tell me how they are used in banks and other businesses? thanks.

anon84648

if i have diploma in accounting. can i be an accountant and how much will i earn?

anon84646

how do you know that you are a good accountant?

anon71352

What are good qualities of an accountant?

anon65711

i want to know the major areas under which an accountant can work.

anon63005

i just want to know how much does an accountant get paid? and what do i need to know to become a accountant? help! thank you.

anon56351

if i want to be an accountant, what can i do?

anon56022

I have shoplifting on my record will i still be able to get a job in accounting with this on my record?

Should i start a different career path?

anon55937

I'm thinking about being an accountant when I grow up (I'm 15) and I want to know if it's hard or complicated?

anon52106

Well I'm only 14 and i just want to know what an accountant does, so can anyone help?

anon35461

I have a BBA-Accounting degree and am in school now for my Masters -Finance degree. I want to be a CPA and either work in corporate accounting or auditing or forensic accounting at a CPA firm. Will the finance degree help me or hurt me?

Thanks!

anon33571

You will want to go to school and become a CPA. This will allow you to do auditing work for publicly traded companies. It's also the highest recognition for accountants. The best approach after that is to work for a public accounting firm so that you can get a lot of experience doing audits, or tax, payroll, business consulting. A small accounting firm will give you a more well rounded experience, but a Large CPA firm you'll be more respected and have a lot of experience in a small number of duties. If you like numbers and business then you'll like accounting but a lot of business majors really don't like numbers. Too bad it's a required part of every business though. I got a double major in accounting and finance. I would recommended accounting degree with an MBA in Accounting if I were to do it again.

anon32647

holder of a double degree, will it be able to put me in a better advantage? if it is, which combination of double degree will you recommend?

or having an honor degree or master degree is better for future promotion & prospect?

anon31117

Advantages are that there is a high demand in accounting jobs, and there are plenty of available jobs and usually there is good pay. Disadvantages are that there are long hours and it can be very boring.

anon23626

if i want to be an accountant, how should i do it?

anon22535

I know what to do; go to college, but don't major in accounting. It's the best advice ever.

sikkim

@anon12001 - i think the 'bad parts' about being an accountant is that the job is relatively narrow in scope. its not easy, but most of the work involves numbers, and accounts, and depreciation.

there are plenty of other jobs with a similarly narrow scope, but if you are a person who likes to do a variety of work, then accounting probably isn't a great fit.

it is important to note that some accountants do get to have a moderate amount of personal interaction with clients or coworkers.

Accountant

A career as an accountant gives you a recognized qualification as a chartered accountant that can always be used to fall back on if you pursue a different career.

anon12001

I need the bad parts about this job for a research

anon11022

I want to know an advantages of the career accountant. I am doing this career as a research paper. Could you please help me out?

anon6993

if i want to be an accountant, how should i do it?

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    • An accountant typically handles financial records.
      By: robert cabrera
      An accountant typically handles financial records.
    • An accountant will handle financial records, taxes, and be in charge of financial reports.
      By: Kenishirotie
      An accountant will handle financial records, taxes, and be in charge of financial reports.
    • Accountants who perform audits may require state certification.
      By: RUZANNA ARUTYUNYAN
      Accountants who perform audits may require state certification.
    • Accounting clerks are generally allowed to work under certified accountants.
      By: Renee Jansoa
      Accounting clerks are generally allowed to work under certified accountants.