Finance and Accounting Essay Example | Topics and Well Written Essays - 2000 words - 2

Finance and Accounting - Essay ExampleThey analyze results of strategic decisions and measure the look upon of the results, strategize to maximize profitability, sustainability and flexibility, cover that the business continues to grow, return value to owners and attract more resources, and make the decisions that are reflected in the financial statements, they are key players in the homo of business (Robinson, 2012, 12). They record, analyze, summarize and report financial information for use by the management and investors, they also play an integral role in the firms daily management and decision making process, they execute strategic goals, drive growth and manage the firms risk by implementing financial controls all over its business activities (Alba, et. al, 2005, 103).Financial accountability is important in maintaining a healthy business. They also educate their employers on financial information accordingly and advise them. by and large they do not have to movement wit h other employees as they report to the management directly. The average salary of a financial accountant is $50820 per year (Robinson, 2012, 97). Tasks carried discover by a financial accountant include summarizing and preparing financial records and statements to report externally, maintaining records of assets, liabilities, capital (shareholders equity), revenue demands and financial transactions in the organization. They utilize accounting principles to ensure compliance with regulatory reporting requirements.To become an accountant one requires advanced education and formal certification to get qualified for senior accounting jobs. On the most basic level, accountants keep and inspect financial accounts for companies, government institutions and individuals. Some accountants are self employed while others work for large firms. Most accountants work full time though some work part time. Those who work part time are usually busier during end of financial year and during tax sea son (Ryan, 2004, 45). Most accounting professionals have