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Accounting Skills, Lecture notes of Accounting

Detail-oriented, accurate, general accounting data processing skills. • Skilled at developing and maintaining professional relationships with clients.

Typology: Lecture notes

2021/2022

Uploaded on 09/12/2022

hambery
hambery 🇺🇸

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Accounting Skills
Brief Skills
Experience with budgets, forecasting, payroll, accounts payable and receivable
Detail-oriented, accurate, general accounting data processing skills
Skilled at developing and maintaining professional relationships with clients
Sample Tasks
Prepare, examine, or analyze accounting records, financial statements, or other financial reports to
assess accuracy, completeness, and conformance to reporting and procedural standards.
Report to management regarding the finances of establishment.
Establish tables of accounts and assign entries to proper accounts.
Develop, implement, modify, and document recordkeeping and accounting systems, making use of
current computer technology.
Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting or other tax
requirements.
Maintain or examine the records of government agencies.
Advise clients in areas such as compensation, employee health care benefits, the design of accounting or
data processing systems, or long-range tax or estate plans.
Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to
actual costs.
Provide internal and external auditing services for businesses or individuals.
Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project
future revenues and expenses or to provide advice.
Generate budgets and forecasts on a quarterly basis and present to the management team
Liaison bankers, insurers, and solicitors regarding financial transactions
Conducted a variety of client service engagements to gain a better understanding of KPMG and a career
with an audit, tax and advisory firm
Processed accounts receivable and payable by examining income checks and comparing invoices
Assisted with general accounting duties such as receiving documents, verifying accuracy, and recording
data according to company procedure
Accounting Sections?
Fraud Prevention, Detection & Response
Financial Statements
Computer Forensic Analysis
Economic Damages Calculations
Valuation
Reconciliation
Operating Budgets
Analysis of Variance
Income Statement
Financial Forecasting
Pricing
Capital Budgeting
Cash Budgeting.
Inventory Management
Break Even Analysis
Internal Auditing
Payroll Accounting
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Accounting Skills

Brief Skills

  • Experience with budgets, forecasting, payroll, accounts payable and receivable
  • Detail-oriented, accurate, general accounting data processing skills
  • Skilled at developing and maintaining professional relationships with clients

Sample Tasks

  • Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
  • Report to management regarding the finances of establishment.
  • Establish tables of accounts and assign entries to proper accounts.
  • Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
  • Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting or other tax requirements.
  • Maintain or examine the records of government agencies.
  • Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
  • Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
  • Provide internal and external auditing services for businesses or individuals.
  • Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
  • Generate budgets and forecasts on a quarterly basis and present to the management team
  • Liaison bankers, insurers, and solicitors regarding financial transactions
  • Conducted a variety of client service engagements to gain a better understanding of KPMG and a career with an audit, tax and advisory firm
  • Processed accounts receivable and payable by examining income checks and comparing invoices
  • Assisted with general accounting duties such as receiving documents, verifying accuracy, and recording data according to company procedure

Accounting Sections? Fraud Prevention, Detection & Response Financial Statements Computer Forensic Analysis Economic Damages Calculations Valuation Reconciliation Operating Budgets Analysis of Variance Income Statement Financial Forecasting Pricing Capital Budgeting Cash Budgeting. Inventory Management Break Even Analysis Internal Auditing Payroll Accounting

Transferrable skills Attention to Detail — Job requires being careful about detail and thorough in completing work tasks. Integrity — Job requires being honest and ethical. Dependability — Job requires being reliable, responsible, and dependable, and fulfilling obligations. Analytical Thinking — Job requires analyzing information and using logic to address work-related issues and problems. Achievement/Effort — Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks. Cooperation — Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude. Initiative — Job requires a willingness to take on responsibilities and challenges. Independence — Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done. Persistence — Job requires persistence in the face of obstacles. Stress Tolerance — Job requires accepting criticism and dealing calmly and effectively with high stress situations.

Cashier

  • Entrusted daily with cash drawer up to $4,
  • Sold over $55,000 in merchandise; received bonus for exceptional sales
  • Served a high volume of customers of various physical abilities, ethnic backgrounds, socio-economic backgrounds
  • Participated in monthly inventory activities
  • Assisted with customer complaints/problems
  • Processed returns and exchanges