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
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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 accounts department and preparing management accounts, budgets and cashflows; providing information for management decisions
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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
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