Accountancy-areas Of Work

Accountancy is a skill that is required by all businesses that aim to make money

. Accountants can work in any business and as part of any industry, and it is the place that they work that often decides on what role they undertake.

Accountants that specialise in Public Practice work for accountancy or professional firms. Here they provide advice to individuals and businesses, and even to the government. They offer many different services, including auditing, tax, forensic accountancy and general business support. They can range in size massively, from enormous international firms like PricewaterhouseCoopers, KPMG, Deloitte, and Ernst & Young to much smaller offices.

Financial and Management Accountants work within a company to help increase the effectiveness of the business and maximise profits for shareholders. They also aid that company in meeting government requirements and laws. They analyse and compile financial reports for many different departments within a company, helping to advise them of their current, as well as future, financial positions. This sector includes companies that specialise in such services as retail, construction, energy and utilities, manufacturing, IT and leisure and tourism. Companies employing Financial and Management Accountants include Tesco, British Gas and AOL.

Public Sector Accountants calculate and administer budgets, monitor costs and expenses, and act as overseers to large projects in public sector organisations. This sector is funded almost exclusively through use of public taxes, and so needs to be accountable and follow the law to the letter, as well as ensuring that they provide the best value for money in their research and projects. This position can involve working with some very big workforces and enormous budgets. Organisations employing Public Sector Accountants include charities, local councils, the NHS and the Police.

Financial Services Accountants are focused on saving, protecting and generating money, mostly for individuals or private clients. This means that the range of clients that Financial Services Accountants can work with varies immensely, as nearly every single adult in the UK has a financial product of some sort, like a bank account or ISA. Responsibilities generated by the role can include dealing with insurance, personal and private banking, investments and pensions

by: cardiffjobs

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