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Day in the
Life of an Accountant/Auditor
Accountants
have many financial responsibilities including keeping track of
payments, financial positions, and transfers of capital or income for
individuals and corporations . Some are responsible for examining the
tax implications of the activities noted ab ove . It is also
important for accountant to be very co m fortable with numbers ,
just as it is important that accountants pay a considerable amount
of time and attention in accurately delivering good or bad financial news to
its clients
Often
times accountants are referred as
"financial physician" because of that mainly
because the profession requires that the accountant be ready
to deliver unpleasant news often than good news. Accountants
should expect being treated in a less-than- friendly manner client. Th is
probably one of the most common downside of the profession.
One
auditor wrote "I didn't know how many people just don't
pay attention to their number. " On average, an auditor spends
approximately 35 percent of their time reviewing financial
documents, preparing paperwork, accounting procedures . For the remainder
of the time, an auditor spends time either travelling or consulting with
clients over the telephone, attending meetings with executives, clients and
other divisional auditor s
Another
common type of accountant is the tax accountant. Personal income tax
accountants are hired by small firms or are self employed . Personal tax
accountant are responsible filing individuals income to the federal and
provincial government by April 30. Corporate tax accountants on the other hand
are involved throughout the year analyzing the tax effects of corporate
investment policy, and advising firms on tax planning issues. A tax accountant
can be involved in filing both personal and corporate tax although corporate
tax accountants face a lesser stressful season during the tax season compared
to personal tax accountants.
Paying
Your Dues
To
become an accountant you must acquire a bachelor's degree in accounting,
finance or a related field. Many employers also prefer that
students have significant computer proficiency. One of the most common
certification accountants are required to obtain is a CPA (Certified Public
Accountant). Students are required to pass an exam which will certify them as
designated professional accountant. Other types of accounting
certification include the Public Accountant (PA), registered Public
Accountant (RPA), and the Accounting Practitioner's (AP).
References:
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