Chartered
The primary duties of a chartered accountant are to provide accounting advice, audit accounts and provide information about financial records and corporate finance. They are responsible for auditing, advising on accounting and providing information regarding financial records and corporate finances. They can also be responsible for forensic accounting and business recovery. AAT qualifications are usually obtained by chartered accountants after they have a degree in a relevant area. For advice from Gloucester accountants, visit www.randall-payne.co.uk/services/accountancy/gloucester-accountants/
Management Accountant
Management Accounting tasks include monitoring and assisting with financial planning. A management accountant is responsible for overseeing a team of accounting technicians and accountants. Management accountants may be tasked with producing reports that provide senior management information for making sound financial decisions about the future of a company’s operations. Management accountants produce management accounting reports that are reviewed and analysed by internal stakeholders. They also play a major role in developing strategies to increase shareholder values.
Public Financial Accountant
Accountants in the public finance department of the civil service are responsible for managing the financial planning for government departments and the allocation of resources. They are responsible for ensuring the proper spending of money across all public sector organisations. They also conduct internal audits and estimate costs for new projects.
Financial accountant
Financial accounting is primarily responsible for producing reports and making recommendations to an organisation after an audit, whether internal or external. Financial accountants examine financial data to prepare year-end and month-end reports for the senior management. By providing forecasting and recommendations, they can have a positive impact on the profitability of a business.
Tax accountant
Tax accounting is a primary duty that involves analysing, understanding and researching tax laws to ensure organisations adhere to the correct tax regulations for filing annual accounts. To ensure tax returns are completed accurately and on time, this role requires attention to detail. The role also involves helping organisations plan financial decisions for the future by developing tax strategies that minimise tax liabilities, and providing guidance on indirect taxes such as VAT, customs planning, and customs planning.
Forensic accountant
They investigate financial data to determine if there are any inconsistencies, or if information is missing. Accounts or financial information that is inaccurate or not available for review can lead to disputes or reveal fraudulent practices, which may lead to legal proceedings. Forensic accounting professionals gather and analyse data and documentation that can help build an accurate picture of a company’s financial state. Then, they create a detailed report that records debit, credit and money transactions.