Exam (elaborations)
Role of the Accountant - (AQA)
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Role of the Accountant
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Role of the Accountantand Types of
Accounting and
Stakeholders
,le of the Accountant
The main responsibilities of an Accountant are
There are 3 main functions of
that they are the people who collect, present
an Accountant which are:
and to report financial and numerical data for
a company or a person.
Forecasting – Being able to
All businesses should keep accurate and make predictions for the future
up to date accounting records such as income and expenses of a
bank statements and receipts. Accounting business.
records are used either internally or Reporting – Writing up the
externally to a business and it is a legal financial statements to show
requirement to hold onto accounting what the business has done
records. during that period.
The main reason for keeping accounting
Recording – Making records of
records is for internal use to ensure a
that transaction happening.
business are making a profit or a loss,
this can be defined by the INCOME
STATEMENT.
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