The Importance Of Accounting Jobs In Accounting

Accounting jobs are available in literally every possible organization one can think of. An accountant’s main task includes the preparation and examination of financial records and every business needs their finances to be managed and monitored. Also, depending on their specific role to the company, they may also provide financial advice, auditing services, and develop, maintain and analyze budgets. They ensure that the overall financial health of the organization, the company or the individual they are regulating is intact. Therefore, it is evident that accountants have an understanding of all aspects of the business and they are able to identify any possible act of fraud or misrepresentation of figures in a business financial balance. Accountants

Despite what is being said about having being a mathematician to survive accounting, it doesn’t require an individual to do random calculations in their head. They really do work with numbers to analyze profits and losses and to construct the financial statements etc. but in terms of mathematics, an accountant will do the basic addition, subtraction, multiplication and division. “Many students believe (correctly) that a major in accounting may require more work than other majors, and (incorrectly) that only students who excel in math will do well in the major” Kaenzig, Rebecca, & Keller, Rachel (2012). Mathematicians think of their math field as an art of science and formulas and numbers are used to form conclusions. Mathematical formulas are divertive, however, with accounting you’ll always follow the same steps specific to the balance to be achieved. Accountants memorize the basic accounting formulas along with the basic mathematical formulas and will spend their time associating with information such as financial records, tax information and the business’ overall operation. Technology plays a huge part in the calculating process for accountants. Combine these simple computations with a calculator or a computer program such as Excel and that’s already a perfect accountant. However, having a basic understanding of the accounting calculations is definitely not enough to be considered an official

They are often viewed as persons who sit behind a desk all day manipulating numbers and reviewing spreadsheets and documents. Persons perceived accountants to be robots who are obsessed with money and numbers. They are considered as not being creative and idea driven, it is believed that they only take care of the business’ finances but never contributes innovatively by voicing their opinions on ways to improve the overall development of the business. However, it is becoming more evident that accountants are indeed sound innovative beings whose ideas and suggestions and unique patterns can contribute greatly to the organization’s success. Managers often rely on accountants to provide them with information as it relates to the best financial principles to deliver success. “Many businesses are coming to recognize accountants for their unique and innovative contributions to an organization’s success.” Bennett Floyd (2014). In the long run many accountants may go ahead and start their own business. Accounting is often said to be the language of business, therefore, they may be able to express a sense of innovation, acquire substantial business skills and generate ideas better than anyone