Answered: Accountants role in the organization

Business

Accounting

Accountants role in the organization

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 7Q: Who are the primary users of the information gathered by managerial accountants?

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Question

Accountants role in the organization

Expert Solution

Step 1

An accountant can be anything from a simple bookkeeper to a strategic adviser, interpreting financial information for senior decision-makers in the business.

The primary role of an accountant in an organization is to take care of the company's accounts and simultaneously suggest managers and executives about the financial aspect of the organization and also what needs to be done in order to make it better. They need to produce reports, budgets, financial statements, etc. They need to conduct internal audits in the organization, forecast income and expenditure of the organization as well.

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