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Accounting Working Environment

Accountants work in private practice (ie, firms of accountants), in industry and commerce and in the public sector (ie, local authorities and hospitals).

At the commencement of training a learner can typically expect to experience some or all of the following:

The Private Sector

• Producing financial statements for various types of businesses
• Assisting in audits for limited companies or charities
• Preparing in tax returns and computations for individuals and businesses
• Assisting clients with bookkeeping and installing computerized accountancy systems
• Assisting in the preparation of business plans and providing financial information for management decisions and requests for finance
  

Industry and Commerce

• Working in the sales and purchase ledger department; raising sales invoices; approving purchase invoices; credit control; financial management
• Working in the payroll department; controlling wages; completing regular statutory returns
• Working in the payroll department; controlling wages; completing regular statutory returns
• Working in the accounts department and preparing management accounts, budgets and cashflows; providing information for management decisions
  
  

Public Sector

• Working in a particular department e.g. housing, social services
• Involvement with preparation and monitoring of budgets and forecast
• Collection of revenues and authorization of payments
• Evaluating the financial impact of proposed activities
• Performing internal audits