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Specialized Areas Of Accounting Flashcards
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Side A ------ Side B Accounting technician ------ A support professional that helps control and organise financial activities. Also helps to record and prepare the accounts. And provides management and financial information Cost Accountant ------ Calculates and controls the costs of producing goods and services through to the preparation of cost budgets and production planning Financial Accountant ------ Involved in preparing, analysing and interpreting financial reports to help end users of financial information make better informed decisions Taxation Accounting ------ Provides taxation advice and prepares tax returns Management accountant ------ Co-ordinates the flow of financial information from the businesses operations e.g. internal budgets and measures the businesses performance. Auditing ------ Involves a chartered accountant checking the accuracy and reliability of an organisations or businesses financial statements by seeing if they show a fair and true representative of the businesses position Chartered Accountant ------ A fully qualified member of NZICA who provieds financial and strategic planning advice Chairperson ------ runs the meetings, official spokesperson and is elected by all the members Treasurer ------ Looks after the community organisations finances, including the receipt and banking of money, making payments and the preparing and keeping of accurate financial records Secretary ------ keeps the minutes (notes) of the meetings and deals with the incoming and outgoing correspondance e.g. emails Committee ------ made up of an elected group of club, or society members who undertake the daily running of the club or society. Members ------ the people who qualify to belong to the club Auditor ------ auditor job is to independently check that the accounts of the club show a true and fair view of the organisation’s financial results. The auditor is not usually a club member.
Side A ------ Side B Accounting technician ------ A support professional that helps control and organise financial activities. Also helps to record and prepare the accounts. And provides management and financial information Cost Accountant ------ Calculates and controls the costs of producing goods and services through to the preparation of cost budgets and production planning Financial Accountant ------ Involved in preparing, analysing and interpreting financial reports to help end users of financial information make better informed decisions Taxation Accounting ------ Provides taxation advice and prepares tax returns Management accountant ------ Co-ordinates the flow of financial information from the businesses operations e.g. internal budgets and measures the businesses performance. Auditing ------ Involves a chartered accountant checking the accuracy and reliability of an organisations or businesses financial statements by seeing if they show a fair and true representative of the businesses position Chartered Accountant ------ A fully qualified member of NZICA who provieds financial and strategic planning advice Chairperson ------ runs the meetings, official spokesperson and is elected by all the members Treasurer ------ Looks after the community organisations finances, including the receipt and banking of money, making payments and the preparing and keeping of accurate financial records Secretary ------ keeps the minutes (notes) of the meetings and deals with the incoming and outgoing correspondance e.g. emails Committee ------ made up of an elected group of club, or society members who undertake the daily running of the club or society. Members ------ the people who qualify to belong to the club Auditor ------ auditor job is to independently check that the accounts of the club show a true and fair view of the organisation’s financial results. The auditor is not usually a club member.
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