Record Keeping: Record all financial transactions accurately including tracking income, expenses, assets, Depreciation, Account Receivable, and liabilities using accounting software and systems to maintain organized financial records.
Financial Analysis: Analyze financial data to assess the financial health and performance of an organization in income statements, balance sheets, and cash flow statements, to provide insights into the companys financial status.
Budgeting and Forecasting: Assist in developing budgets and financial forecasts. They help organizations set financial goals and monitor progress toward achieving them.
Auditing: Examine financial records and transactions to verify their accuracy and compliance with accounting standards and regulations to provide an independent assessment of an organizations financial statements.
Communication: Communicate financial information and analysis to direct manager, clients, or stake holder as per the situation demands to be transparent in the dealings.
Compliance and Reporting: Ensure that organizations follow financial reporting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) to prepare financial statements that comply with these standards for internal and external stakeholders.
Cost Control: Identify areas where organizations can reduce costs and improve efficiency to analyze cost structures and suggest cost-saving measures.
Decision Support: Provide financial data and analysis to support decision-making by management to offer insights and recommendations based on financial information.
