As we all know, the chief accountant is the person responsible for managing the accounting department, providing financial information of the business,... This is one of the positions with high professional qualifications and has very important role in the business. Let's find out with Giaiphapdongghoi.net what is a chief accountant? What are the tasks in the business, what are the conditions needed in a chief accountant through the article below!
1. What is a Chief Accountant?
Chief accountant is the head of the accounting department of an enterprise, agency, etc., responsible for the company's finances, directing and operating financial matters. Help the board of directors understand clearly the operation situation of the business and give the direction of the business.
What is a Chief Accountant?
Chief accountant is a person who plays an important role in the business, not only doing well in professional work but also in other jobs in the company. With the current expanding economy, a chief accountant is indispensable, especially for large enterprises. Being someone who understands the financial situation of the company helps the business understand the current situation and give the right development directions. Although it is an important position, not all businesses have a chief accountant, but this depends on the financial condition and size of the company.
2. Duties and responsibilities of Chief Accountant
When appointed as Chief Accountant, you need to fulfill the duties of a chief accountant well. On a daily basis, the Chief Accountant needs to undertake the following basic tasks:
Duties and Responsibilities of Chief Accountant
Managing the operations of the accounting department
As a Chief Accountant, you must closely manage the accounting department to increase business profits and minimize costs. To do so, the chief accountant must closely monitor the activities of the accounting department to promptly correct and instruct subordinates and overcome shortcomings. When unexpected situations arise, the chief accountant must immediately grasp the situation, report it to superiors, and propose appropriate solutions. In other words, the main and most important job of a Chief Accountant is to ensure the financial flow of the business is always running efficiently.
Managing corporate financial matters
The chief accountant is the person who is responsible for supervising the revenues and expenditures, recording the accounting books, invoices from the final settlement, inventory of assets, cash flows, etc. to prepare the year-end financial statements. The chief accountant must always be ready when the superior makes a decision requesting the settlement.
In addition, the Chief Accountant is also responsible for representing the accounting department to present financial statements to the senior management of the enterprise. At the same time must personally negotiate the financial terms with the business partners of the enterprise.
Ensure legal accounting records
Always ensuring legal accounting books is an urgent and paramount requirement that any business advocates to implement. Therefore, as mentioned in the section What is a Chief Accountant, the Chief Accountant - in his role as chief accountant - is the main responsible for this issue. The chief accountant must always update the latest circulars and decrees of the Government and ensure the timeliness and accuracy of the books.
Financial statements
The chief accountant is the main participant and responsible for the preparation of financial statements for senior management. In fact, there are different types of reports and different deadlines for completion. There are weekly reports, there are monthly and quarterly reports. The accountant will collect the data and send it to the chief accountant. The Chief Accountant ensures that these reports are complete, of high quality and on time.
Financial data analysis
Not only excelling in financial statistics, Chief Accountant must also be sharp in data analysis. Through that, the new Chief Accountant has a solid basis for making future financial forecasts. Accompanying the forecast is a risk assessment document, warning of violations of the law as well as solutions to attract more investment capital for businesses.
Other missions
In addition to the main tasks related to accounting and taxation, the chief accountant may perform a number of other tasks if deemed necessary or at the request of superiors. The duties of a chief accountant also depend on the business they are working for.
3. What are the requirements to become a chief accountant?
What qualifications do you need to become a Chief Accountant? Candidates who want to apply for the position of Chief Accountant must meet the following basic conditions:
What are the requirements to become a chief accountant?
Required qualifications and experience in the field of accounting. To become a Chief Accountant, the conditions you need to have are:
Bachelor's degree in Accounting, Auditing or related fields.
CPA certificate.
Certificate of Diploma in English.
Must have at least 3 years of experience in a management position and 7 years of experience as a CPA in a corporate environment.
Have experience
Handling personal and corporate tax issues, knowledgeable about current laws.
4. Required skills and qualities of a chief accountant
Organizational and management skills
It is no exaggeration to compare the chief accountant as the "leader" of the accounting department. In order for the work of the accounting department to go smoothly and smoothly, the Chief Accountant must have organizational and management skills. That means you must know how to organize, arrange and assign work to subordinates in a reasonable and scientific way. In addition, you must also know how to create a positive team environment, effectively motivate subordinates and create a core succession.
Required skills and qualities of a chief accountant
Information technology skills
Computer is an indispensable companion for a Chief Accountant. As a chief accountant, you must be more proficient in information technology, computer software and specialized accounting software. In the 4.0 era, this is an indispensable skill to help smooth work and help you stay in the profession.
Communication skill
Being assigned the role of chief accountant means that you have to understand internally and externally. Above satisfaction, under discipline, partners trust. To do so, the chief accountant must have skillful communication skills, persuasion and win the hearts of the other party. In addition to excellent verbal communication, chief accountants must also have effective written communication skills.
Sharp personality, able to see far and wide
If you are asked “What is the most important quality of a Chief Accountant?”. Answer, it's acumen to numbers and foresight. As an accountant, you have to deal with numbers all the time. Without quick intuition, you won't be able to analyze data and make accurate forecasts. As such, you will not be qualified to become a chief accountant.
Meticulous and careful
The position of chief accountant will shoulder a lot of responsibilities. Therefore, a Chief Accountant must be meticulous and careful to minimize errors and avoid causing damage to the company.
Honest
Honesty is a quality that business leaders put first when promoting someone to the position of Chief Accountant. Because of the nature of this job, accurate reporting data is required. If the chief accountant is not honest in the financial statements, it will lead to heavy losses for the company.
For large companies or businesses, having a chief accountant is extremely necessary, because the workload is very large and requires high expertise to be able to undertake. The accounting force is powerful, so it needs a leader to manage. As for small and medium enterprises, it is not necessary to have a chief accountant. Because the cost of a chief accountant is also significant, businesses should consider whether or not they need it. In addition, businesses can use accounting services to ensure smooth financial activities.
Above are detailed information to explain what the title of Chief Accountant is. Hopefully, the above article will help you better understand the chief accountant as well as outline the right direction to strive for in your future career.
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