what dose an accountant do?
United States - 3 Answers
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Answer 1 :
Keeps track of your money and your spending habits.
Answer 2 :
There are many different kinds of accountants. For example, there are financial accountants, tax accountants, cost accountants, fund accountants, managerial accountants, public accountants, corporate accountants, etc. The field is so large that you cannot know it all. In general, an accountant uses the books and records of a person or company and compiles financial statements. The most common financial statements are: Balance Sheet, Income Statement and Cash Flow Statement. The Balance Sheet shows all the assets, liabilities and equity. The Income Statement shows the income, expenses and net profit or loss. The cash flow statement is complicated. These financial statements tell whether or not the company has equity and is making money. Once the financial statements are prepared, the accountant can then file the tax returns. This is a very simplied answer. Accounting is a large, technical and complex field.
Answer 3 :
the word itself tells you, an accountant 'accounts' that means account for income and account for expenses plus a lot of business advice
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