Tarun Tejpal - Want to be an Accountant

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Want to be an Accountant
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Tarun Tejpal - Accountants are the most important
part of a business organization and can be
considered as the most important branch of the
company. Accountants navigate their decisions
through rigorous analysis, interpretations, and
precise management of resources. Accounting is
the innermost part that tickles the business
world. From payroll to financial accounting and
bookkeeping, tax return accountants manage every
inch of the finance department with the utmost
care.
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Accountant Duties and Responsibilities Specific
job duties accountants need to be able to
perform

• prepare a budget
• Enter transactions and resolve account balances
• Prepare accurate work letters, schedules and
  reconciliations for audit purposes
• send invoices to accounts
• Apply payment terms with accounts
• Stay up to date on state and local tax laws
• Work with external auditors
• Record payments and disbursements

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Accountants perform a variety of duties depending
on their employer and the specific focus of their
job. Whether working with corporations,
individuals or government agencies, accountants
must be able to file legal financial documents,
such as those that public companies must disclose
to investors. In the case of individual
customers, it can be as basic as annual income
tax forms.
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ACCOUNTING SKILLS

• Tarun Tejpal says Accounting is a type of
  function that helps a business or government
  organization to convert complex financial
  situations into clear and easy business
  guidelines for its partner colleges.
• Since accounting is governed by various rules and
  regulations, an accountant must be well versed
  with all the basic techniques and methods to
  conduct a company's financial statement
  accordingly.
• MATHEMATICAL SKILLS accountants work with
  numbers, entries, financial statements they need
  to get their mathematical skills strong. Strong
  fluency in the business of numbers can leave a
  long-lasting impression on employers.

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• ANALYTICAL SKILLS the job involves
  interpretation, observation, and analysis of the
  financial statements of a company. Therefore an
  accountant must be excellent enough in parsing
  the data and finding out the pattern.
• KEEN OBSERVATION analysis and problem-solving
  are the key elements of accounting therefore an
  accountant needs to have a sharp eye over each
  and every information passed on to him. A
  misplaced decimal point or a wrong digit can
  create havoc in the business.
• TECHNOLOGICALLY DRIVEN accounting scenario has
  changed a lot ranging from a spreadsheet to
  automatic accounting software. An accountant
  needs to cope up with the technological changes
  in order to consistently polish his/her resume
  and to keep himself/herself updated.

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• RISK MINIMISER- accounting deals with numbers,
  financial statements, auditing, and many more
  essential pillars of a business organization that
  involves a lot of financial risks, since the
  business world is unpredictable and uncertain one
  needs to put in extra efforts in order to
  minimize business risk.
• Therefore an accountant must be diligent,
  detail-oriented and must have strong analytical
  and reasoning skills. They should work within the
  limits of accounting rules and regulations.
  According to Tarun Tejpal Accountants need to
  have strong ethics in making appropriate
  decisions to meet standards and be able to
  recognize flawed financial operations. These
  skills lay a strong career base for an accountant
  as well as help a candidate to polish their
  skills for future opportunities.