An Accountant’s Job
Develop a system of Internal Control to ensure that correct data is entered into the accounting system. Ensure that GAAPs or IFRS are followed. Prepare Financial Reports. Supervise the work of other accounting employees.
Accounting Clerks (Bookkeepers)
Ensures that all Transactions are recorded properly. Ensures that supporting documents provide proof of the transactions. Records transactions in the journal and balances the Ledger. Does the accounting related to payroll and prepares payroll cheques. Completes all necessary banking transactions.
Replacing Accountants
Computers cannot replace accountants because they can’t analyze information, problem solve, and make decisions
Investors and Shareholders can benefit from the information produced by accountants