An accountant can also be defined as someone who professionally practises the measurement, disclosure and provision of assurance about financial information used by managers, investors, tax agencies other authorities to make decisions in the allocation of resources.
Accountants have the responsibility of verifying the accuracy of all money transactions carried out and to ensure that all the transactions carried out in the business are legal and follow the rules and the guidelines on the company, business or the concerned organisation. The final types of accountants we will talk about arte the public and private accountants whose responsibility is to provide general public accounting services and accounting that is limited to a single firm respectively.
The following are the benefits brought about as result of having accountants in businesses, organisations, companies or any other authorities that deal with money.
Business accountants are the ones who are responsible for safeguarding the integrity of the financial reports of the business and thus it is very important to have accountants in any business that aspires to be successful. Accountants ensures that the high standards of the company or organisation are maintained without interfering with the company’s or organisation’s trust with the public
Accounting is a very well paying profession in very many countries worldwide.
Another important role played by accountants in business is the accountants ensure that all the financial records are well organised and up to date.When you have an accountant , he or she ensures that all your accounting books are correct, all you financial reports are correctly filled and also ensures that all tax returns of the organisation, company or business are always paid on time.
A business owner who has an accountant can be at his or her comfort and also have confidence that all the records showing your compliance with the law and accounting are all at your disposal anytime unlike a business owner who does not have an accountant.
Accountants are very essential in any type of business whether it is a store, a filling station, or a school because through the work they do, for instance, the business owner can be able to tell if the business is becoming successful by going through the information that is analysed by the accountant.