Financial accounting professionals are responsible for the public reporting of a company or organization’s financial status. This work involves collecting and maintaining data, detecting trends and forecasting future needs. In addition, financial accountants prepare detailed statements and communicate financial information to company leaders and audiences that do not have an extensive accounting background.
Auditing and managerial accounting are related to financial accounting, but differ in several ways. Auditors usually work with companies to review the reports created by financial accounting offices. Management accountants are primarily focused on providing the accounting services and communication within a company, such as accounts payable, accounts receivable and payroll.
Anyone interested in a financial accounting career will want to gain a solid understanding of several industry standards. The Generally Accepted Accounting Principles (GAAP) are a widely-accepted set of guidelines that assist with reporting procedures. The International Financial Reporting Standards (IFRS) help accountants create consistent and comparable financial statements for businesses across the globe. Skills with multiple types of financial reports are also required, including the ability to create accurate balance sheets, profit and loss statements and cash flow forecasts.
Working All accounts and Finance related on Quick Books Accounting Software. Decision to investment in new acquisition of building and land, to review it's financial and other aspects reported to CEO of Right Move Real Estate. The construction of new building and its vendor costing according to the cost charge those building. All Bank related transaction account for in records.
on daily basis Peach Tree Accounting software updated. Preparing the financial statement ledger, trial balance, income and expenditure, Balance sheet. Tax deducting and calculation from source. And every month end submitting this tax to tax authorities. To maintain the imprest system of petty cash. Monthly Bank reconciliation statement. Monthly and quarterly basis budget vs actual expenditure and variance analysis report. All admin related matters are handle. Prepare the accounts for interim and final audit purpose.
preparing the all accounts records of the Hospital and reported to Project head and also reported to Head office. comparative report of patient with expenditure. Handling daily cash from all department of hospital and recorded in the relevant heads.
To assist the Admin and finance officer in all matters, preparation of accounts, spending of expenditure, documentation, vouching etc.
Daily, weekly and monthly inventory report to head office. Maintain the admin related records and reported. The Junk inventory, slow moving, non-moving inventory regular updated and reported to head office. Inventory tagging and other documents updated for internal and external audit purposes.