Types Of Accountants

Accountants are usually divided into three broad categories Public accountants

, Governmental accountants and Management accountants. Each of them can be further divided into several types of accountants, each having a distinctly different job profile.

The following article will give you a clear idea of some of the types of accountants and their responsibilities:

Tax accountant These accountants are public accountants who are responsible for dealing with income tax and employer tax. Young accountants, after having done an accountancy course, start by learning how to prepare tax returns and have a hands-on experience in dealing with various tax issues and understanding the complexities involved in the field. Gradually, one will become adept with tax laws and learn how to help the clients save on a considerable part of their income.

Auditors As the name suggests, these public accountants are involved in auditing a company. It is the responsibility of the auditor to prevent fraudulent practises and the embezzlement of funds. They assure the shareholders of the company that they work for that their money is not being cheated on. As a result, they are also referred to as assurance accountants. Staff auditors who work in a junior position eventually become senior auditors who keep the clients updated on the recent projects. They require communicating with their clients frequently.

Forensic accountants They are responsible for investigating whether there are instances of fraudulent practises and embezzlement of funds. This job involves interviewing people, investigate accounts and even testify in court. Forensic accounts are in great demand in both private firms and government sector. A forensic accountant needs to have a keen eye for detail and talk to people regarding sensitive issues. Fresh graduates are usually not recruited as forensic accountants. Experienced assurances become forensic accountants.

Management accountants They manage the overall finances of the company that they work for. Junior internal auditors are promoted to the position of management accountants, budget directors and internal auditors. They occupy some of the highest positions in the company, like VP of finance, treasurer or CFO.

Public sector accountants If you are inclined towards social work for the betterment of the society, this is the accountancy field that you should go for. They occupy positions important positions in the governmental bodies and non-governmental organisations.

Commercial finance accountants They are hired by companies who want to get their business practises investigated and for receiving advice regarding methods on how to enhance the efficiency of the company. They are in great demand in all sector, especially in the hospitality and retail sectors. Such accountants eventually become a finance manager of an entire company or the manager of a particular product/service that the company offers. They need be creative, so that they are able to transform the company into a more efficient one through various innovative methods.

The above are some of the type of accountants that individuals and companies hire o have their requirements met. These accountants have the qualifications and the experience to provide accounting solutions to your problems and requirements.

by: Angela

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