The accountant profession involves the management and analysis of financial information of a company or organization.
Accountants are responsible for recording, classifying and analyzing financial data, including income, expenses, profit and loss.
Accountants can work in a wide variety of industries, including private, government and not-for-profit companies.
The accountant is a professional who has specific training in the field of accounting, and who can work in several areas, such as:
Fiscal and Tax Accounting
The accountant is responsible for ensuring that businesses are in compliance with tax and tax laws.
It performs the calculation and collection of taxes, prepares the income tax return, among other activities.
Fiscal and tax accounting is an area of accounting that focuses on recording, classifying and analyzing financial information related to a company’s fiscal and tax obligations.
It involves monitoring and recording financial transactions in order to determine the tax base and comply with tax and legal obligations.
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Management accounting
In this area, the accountant is responsible for providing financial and accounting information for decision-making by company managers.
It analyzes the company’s results, identifies areas for improvement and suggests actions to improve profitability and reduce costs.
Managerial accounting helps the company to monitor and control its costs and expenses, thus maximizing its profits.
Managerial accounting reports provide information on the company’s financial performance, such as budgets, income statements, balance sheets, cost analysis, cash flows, among others.
This information allows managers to make informed decisions about investments, budget, resource allocation, inventory management and other important aspects of the company.
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Financial Accounting
This area involves the preparation and analysis of the company’s financial statements, such as the balance sheet, income statement and cash flow.
The accountant is responsible for ensuring the accuracy and reliability of this information. Its primary objective is to provide accurate and relevant information for financial and strategic decision-making by owners, managers, shareholders, creditors and other interested parties.
Some of the main areas of financial accounting practice include accounts payable and receivable, payroll, taxes, cash flow, inventory control and investments.
In addition, financial accounting can also be used to help manage financial risk, analyze business profitability and assist in making strategic decisions.
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Cost Accounting
In this area, the accountant is responsible for identifying and measuring the costs involved in the production of goods or services.
It provides information for managers to make decisions about prices, budgets and actions to reduce costs.
Among the main activities of cost accounting are the identification and measurement of the costs involved in the production process, the analysis of their relationship with revenues and the determination of the unit cost of production of each product or service offered by the company.
This information allows, for example, the company to calculate the ideal selling price for each product, identify possible bottlenecks in the production process and define which costs must be reduced or eliminated to make the business more efficient and competitive.
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audit
The accountant can act as an auditor, verifying the compliance of the financial statements with accounting standards and applicable legislation.
It can also identify fraud and irregularities, providing information for decision-making by company managers and shareholders.
Accounting auditing is an independent process for verifying and validating a company’s financial information.
The objective of the accounting audit is to provide an independent opinion on the accuracy and completeness of the company’s financial statements.
During the audit, the auditor performs a detailed review of the company’s financial transactions, assesses the effectiveness of internal controls and verifies that the accounting information is in accordance with generally accepted accounting principles.
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Controllership
In this area, the accountant is responsible for developing and implementing policies and procedures to control the company’s financial and accounting activities.
It can also provide strategic information for decision-making by managers. Accounting controllership is an area of accounting whose main objective is to provide accurate and relevant financial information for decision-making in companies.
It is an area of great importance for the company’s success and to ensure its financial sustainability.