Financial Reporting Accountant Responsibilities

The financial reporting accountant responsibilities include organizing, scrutinizing and studying the account records, commercial enterprise statements and other fiscal presentations to evaluate the exactness, wholeness and agreement with presentation and methodical regulations. He enhances, puts into effect, changes and writes evidence storing accounts systems which are computer assisted.

He also reports the fiscal condition of the company to the administration and organizes accounts tables and allocates the submissions to proper accounts. He studies the different business operations that have been executed by the officers of the company and advises the company about its fiscal status. He also examines the styles, prices, incomes and fiscal dedications to communicate the future incomes and expenditures.

Key Responsibilities

The responsibilities of a financial reporting accountant differ from one company to another. But his overall key responsibilities are the same. They are as follows:

• Executing the transactions and operative deals in order to know the accounting requirements and to authorize, create and uphold answers to the trade and fiscal issues
• Studying, upholding and enhancing the monetary funds of the company and organizing cyclic presentations that make a comparison of the monetary fund reimbursements to the existent costs
• Organizing handbooks and forms for business relationships, examining and clerking personnel and supervising the execution of their projects
• Calculating the outstanding levies and organizing the revenue enhancement returns in order to make sure that they are in agreement with the income, reporting and other tax needs
• Discussing some matters like asset use, revenue enhancement plans and the postulations that underlie the monetary fund predictions
• Assessing the real stock list possessions and implements and transcripting data such as the description, worth and placement of properties
• Performing inside and outside auditing operations for trade purposes and individuals
• Interacting with the customers about recompensation, worker health attention welfare and patterns of information procedural and methodical systems and long extent revenue enhancement and property programs
• Standing for the customers before the revenue enhancement regimes and helping them while the fiscal proceedings continue
• Scrutinizing and preserving the governing authority records and performing the operations of bank failure, legal guardians and trade evaluators
• Revaluating and remarking on the past fiscal data of the company and executing projects in order to back up his view
• Reassessing the fiscal matters and presenting them to the administration
• Interpreting the fiscal enhancements that have been built on the fiscal presenting methods and regulations of the company

Qualifications and Skills

The candidate must have a bachelor's degree in commerce with majors in accounts, finance or a related field. A master's degree in the same would be very beneficial to him. A candidate who is a master of business adminstration would be the perfect choice for this position. He also needs to possess certain certificates that would confirm that he had done courses in the related fields. Apart from all these, he needs to have some experience in the field of finance or accounts. He needs to have a sharp mind and great analytical skills in order to crack the analytical problems. He may have to handle many projects at the same time under stress. Having good communication skills would be an asset to the company. He must be ready to work in a team.

Working Conditions

He works in an office for about 9 hours a day and 45 hours a week. He functions 5 days a week and his is a fast paced environment, where he would need to perform very well in order to execute his job responsibilities.

Salary

He draws an average salary of about USD 50, 861 per annum. But this may vary from one place to another depending on the kind of company where he executes his job responsibilities.

Thus, one of the financial reporting accountant responsibilities includes reporting fiscal matters to the management of the company in order to judge the fiscal condition of the same.