Financial Accountant Job Description
The work of a financial accountant is preparing financial reports to assess the financial performance or any premise. This employee work involves being responsible for helping the enterprise implement diligent and efficient financial practices. A financial accountant is highly engaged in the everyday running of the organization's accounts to perform observations of the business's financial condition. This individual can be tasked with numerous duties, including examining, analyzing, and reporting financial data present findings–both verbal and written–to directors and senior management. In addition, this individual is involved in supporting the enterprise growth and profitability by their recommendations and findings. Financial accountants also prepare end-of-year and month cash flow reports, analyze the current accounting programs, make suggestions for changes where possible, and ensure that the enterprise follows the needed legislation ( Albrecht et al., 2018 ). The individual ensures compliance with federal and state filing requirements through studying the regulations, following the requirements and advising the management on needed actions. Therefore, the financial accountant advises through studying operational schemes, using financial practices and principles, and establishing recommendations for the firm.
Financial accountants are qualified professionals who get employed by private or public organizations to audit accounts, note down business transactions, prepare reports and ensure that organizations work effectively and efficiently. The accountants can get employed directly to firms or work in an accountancy organization. In an organization, financial accountants work with a massive range of clients compared to single businesses.
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In many cases, financial accountant knowledge, skills, abilities, and competencies vary by particular job title. Accountants benefit from their abilities plus their knowledge concerning their professional niche. Regardless of this, all accountants must interpret and examine complex financial information and report their findings to the customers in a concise and clear design. Strong interpersonal skills are also significant to ensure proper teamwork at workplaces.
Therefore, a financial accountant must have strong analytic skills. Accountants must possess a detail-oriented and meticulous eye to sift efficiently through financial records to make sure everything is current and accurate. Financial accountants must be highly organized to meet deadlines, juggle different clients and follow a proper reporting method. Another element is critical thinking skills ( OpenStax, 2019 , p.180-183). Under normal circumstances, accountants undergo discrepancies, inaccuracies, and errors, and if not detected, can lead to severe ramifications for clients and companies ( Organizational Behavior, 2017, p.110). Other skills include time management, industry knowledge, adaptability, spreadsheet proficiency, team collaboration, and efficient writing skills ( OpenStax, 2019 , p.30). A financial accountant must also have competencies in audit and assurance, financial management, and taxation. These skills are essential in business to gauge operation and compliance.
A financial accountant must know tax forms, Certified Public Accountants (CPAs), balance statements, and other models of financial documentation. The role, therefore, needs precision, strong ethics, and analytic skills.
Do the task analysis by considering the criteria I have outlined in the lecture PPT (attached), or you can always do the frequency and importance-related analysis.
Financial Accountant Task Analysis
Key responsibilities involve monitoring and gathering financial information, for instance, liabilities and revenues. Preparing of annual, monthly, and quarterly statements; these are income statements and balance sheets.
Job Brief
A company looks for a financial accountant to monitor all financial information and preparing accurate statements for the organization. A financial accountant acts as a consultant for managers and conducts revenue and cost analyses. However, to qualify for this post, an individual must have an accounting degree and relevant work experience.
Requirements
Work experience in a financial accountant or a similar role
Advanced expertise in accounting software and MS Excel
Confidentiality
Bachelor’s degree in Finance, Accounting or any relevant field
Solid knowledge of accounting regulations
Other additional certifications like CPA.
References
Albrecht, A., Mauldin, E. G., & Newton, N. J. (2018). Do auditors recognize the potential dark side of executives' accounting competence? The Accounting Review , 93 (6), 1-28.
OpenStax. (2019). Organizational Behavior . Rice University. Retrieved from: https://openstax.org/details/books/organizational-behavior
Organizational Behavior. (2017). University of Minnesota.
