topic 29 the role of the accountant + ethical considerations
Cards (13)
- The successful accountant will be responsible for:
- completion of the month end close processes and preparation of all supporting month end schedules
- review of results pre-close (vs plan/trend analysis) to ensure the accounts are accurate
- monthly preparation of all balance sheet reconciliations to ensure that all accounts are adequately reconciled and that all aged items are resolved in a timely manner
- timely completion of quarterly checklist
- responsible for accurate submission of VAT and other regulatory returns
- assist with preparation and timely submission of all statutory reporting
- ACCA - association of chartered certified accountants
- CIMA - chartered institute of management accountants
- IFRS - international financial reporting standards
- The successful candidate must possess:
- integrity
- objectivity
- professional competence and care
- confidentiality
- professional behaviour
- Integrity - being honest and having moral principles
- Objectivity - ability to be fair and true, no bias
- Professional competence and care - attain and maintain knowledge at a high skill level with the appropriate qualifications
- Confidentiality - ability to be independant and private
- Professional behaviour - helping and respecting team, being honest
- The primary responsibility of the board of directors:
- to protect the shareholder's interests and ensure they receive an acceptable return on their investment
- Financial reporting council - UK's independant regulator responsible for promoting high quality corporate governance and reporting
- Corporate social responsibility - is how companies run their business to produce an overall positive impact on society