Undertaking financial audits (an independent check of an organisation’s financial position);
Continuous management of financial systems and budgets;
Providing financial advice.
In commerce and industry, and the public and not-for-profit sectors, work involves:
Preparing financial management reports, including financial planning and forecasting;
Advising on tax and treasury issues;
Negotiating terms with suppliers.
Liaising with internal and external auditors and dealing with any financial irregularities as they arise;
Producing reports and recommendations following internal audits or public-sector audits;
Preparing financial statements, including monthly and annual accounts;
In public practice, tasks carried out by a chartered accountant:
Liaising with clients (individuals or businesses) and providing financial information and advice;
Reviewing the company’s systems and analysing risk;
Performing tests to check financial information and systems;
Advising clients on business transactions, such as mergers and acquisitions (corporate finance);
Advising clients on areas of business improvement, or dealing with insolvency;
Detecting and preventing fraud (forensic accounting);
Managing junior colleagues.
Advising clients on tax planning (within current legislation to enable them to minimise their tax liability) and tax issues associated with activities such as business acquisitions and mergers;
Maintaining accounting records and preparing accounts and management information for small businesses (accountancy)
Developing Budgets, Legal Compliance, Tracking Budget Expenses, SFAS Rules, Accounting, Managing Processes, Reporting Research Results, Management Proficiency, Coordination, Motivating Others, Attention to Detail