What does an accountant that works for a company and only does internal work for that company do all day?
Other - Business & Finance - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
be on the net!
Answer 2 :
pretends to look busy
Answer 3 :
You appear to have answered your own question. An accountant that does internal work, does internal accounting work for their company all day. For example, some internal accountants might handle interdepartmental billing between branches of the company.
Answer 4 :
Lots. If you come to my office, you can help me with my workload! ;)
Answer 5 :
I think your question will be dependent on the size of the company, and its complexity. It will also depend on the number of accountants employed, and the seniority of the accountant in question. In my experience of accountants at the lower level, they work in groups and do things like double entry bookkeeping. They ensure that expenses are within budget, and that everything has to have a receipt. At a higher level, accountants have to be more than a bean counter. This is the case for any professional at a higher level. Effectively, you are no longer an accountant at a higher level. Your accountancy skills are your background, but they are not the skills you will use in day to day executive warfare.
Answer 6 :
An internal accountant for a company looks after the finances of the business that they are working for. This will involve managing the cash flow of the business; analysing projects to ensure that they are profitable; financial planning for the business to minimise tax payments; budgeting; forecasting; staff management; as well as other things that are probably tailored depending on the position that they hold and the business that they are in.
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