Accountancy

Accountancy

Job description:

“An accountant reviews and audits your financial records and checking/savings accounts. Review your books and records in order to make a reputable and honest report on your financial position. They can file your IRS/State taxes, quarterly with holdings, W2s and 1099's. They can prepare a monthly, quarterly and annual business report on the state of your business, and how much was made, spent, invested and lost. They keep you straight with the government and will protect you if the government audits/questions any of your filings. You use a computer a great deal and have to be professionally trained and educated in order to become a professional accountant. If you want to become a CPA you have to pass a battery of tests that are provided by the Certified Public Accountants Standards and Qualifications board. Once you obtain a CPA status you can do all the necessary accounting work for the various government agencies, banks and others, such as the stock holders. You can render an opinion of the state of the particular business.”

These are the main tasks that you will have to do when being an accountant. As clearly shown in the quotations, accountancy is based mainly on financial problems. The majority of accountants work for businesses, they work with all the figures such as income, outcome, costs, profits, everything to do with the financial side of the business.

Some accountants also work for the government doing the same thing to do with finance just on a bigger scale, usually getting a much bigger payments.

Accountants work with a wide range of software to do their job; they used software such as Microsoft Excel to input data and calculate it, in the past would have used paper, pen and calculator to work this information. This has adapted how the job has changed over time to become what it has now. Accountancy has developed so much over time due to software such as excel as they can do the majority of the calculations for them. Whereas in the last there maths skills had to be very good and they would have need to be very good with numbers and they would have had to write everything down on paper which was only about 20 years ago. The software just speeds everything up.

The only down side to having the software is that it increases the costs as accountants will need to pay for and update the latest software to increase the speed of their job and make it easier but overall they will most probably make the money of the software instantly as they will be able to do their job a lot more efficiently.

Having this Tec also makes their job very flexible due to things such as laptops, tablets, etc. as they can work on the move no matter where they are as they have mobile devices which have everything they need.

This also makes it a lot easier for them to complete work at home or anywhere they want so they can work as many hours as they like and in most cases (self-employed accountants) they can work the hours they like thanks to technology.

Although all this technology seems to be positive in every way it also has many negatives, for example it had kicked many people out of work. It has done this because all the jobs people use to be able to do the computing software can do instead but a lot quicker and it is also a lot cheaper to run.

In the past there were so many more opportunities for people looking for work and they have just been replaced. Accountancy is still a huge market but not everyone needs as many accountants anymore as individuals can do a lot more due to all the Tec.