Accountant Job roles, responsibilities, descriptions and duties

Accountant Job roles, responsibilities, descriptions and duties

Date of posting: 10 Jan 20

What are the job roles and responsibilities of an accountant?

Financial advice and support to clients for MNCs and businesses as well as individuals are provided by accountants. Accountants normally work on auditing, consulting, taxations, assurance, and corporate finance.

Typical duties include:

  • Tax returns and account preparation

  • Keeping track of payrolls, controlling incomes and expenditure

  • Auditing financial information

  • Making and presenting reports, budgets, business plans, commentaries and financial statements

  • analyzing accounts as well as business plans

  • providing tax planning services with reference to current legislation

  • financial risk analysis

  • negotiating the terms of business deals and associated organizations

Work - office-based, with work hours sometimes going beyond the regular nine to five 

Typical employers of accountants

  • Private firms of accountants

  • Professional services firms

  • Industrial organizations

  • Charities and not for profit organizations

  • Commercial and corporate organizations

Qualifications and training required

There are careers in accountancy for both university graduates and school leavers.

Graduates can have an honors degree, though relevant subjects like accounting, business or economics have an advantage as these can provide a faster route to the necessary qualification. This qualification will give you the chartered status, which gives a confirmation to employers, clients and the general public than you have the training and skills to do your job well. Prior knowledge in relation to taxation, is really good.

Qualification as an accountant will take three years, and can be demanding; study for exams takes place alongside full-time employment and graduates should carefully consider the package offered in their training contract. While working hard towards chartered status, provisions for training and study leave play an important role in job satisfaction, as well as salary and the atmosphere of the firm where you work.

Key skills for accountants

Employers look for graduates with the following skills:

  • self-motivation

  • integrity

  • ability to reflect on one's own work

  • business interest

  • organizational skills

  • teamwork ability

  • communicating and interpersonal skills

  • analytical ability

  • problem-solving skills

  • numeracy skills must be high