Daily Archive: June 1, 2017

Different Types Of Accountants

The world is in need of different skills to cater to creative and demanding pressure and needs of companies and societies. When it comes to skills and knowledge, the deeper you get in to a certain subject the more it divides. The same goes to accounting. The deeper the study of it goes the more it divides. Looking at the world today how much it has studied all subjects, we have now different specialized jobs in the same industry. This has born several types of accountants. Let us take a look at the different type at a glance.

Auditors – it is an intensive study of the records ad accounts of the company’s reports. They ensure that all financial reports are accurate and they confirm to the public that everything is in order. Companies that require revealing their financial report to their shareholder must make sure the accounts are audited before it is done. In short they verify if the reports are true and accurate. Normal accountant is someone who does bookkeeping services in Sydney and other general accounting activities. He works at an accounting firm or works in house for companies.

Some of them are specialized in computer related accounts that are sometime called XERO accountants. The major activities they carry out are consultation, financial planning and tax. Speaking about tax there tax professional who specialize in handling and analyzing tax. They help both companies and governments to ascertain the right amount of tax to be paid by any company.

Then there comes advisors who provide critical advice on investments and other financial planning for the company. They sometimes provide advice to individuals and even the government at times. Their basic aim is to guide and advice individuals or companies to make the current financial status better.

There is another type of accountant called forensic accountant. He is mostly involved in auditing, accounting and legal matters. They are basically investigators of finance. They assist investigations and court matters in helping providing evidence and analyzing if the evidence given are correct. Most white collar crimes go through them such as financial fraud and bankruptcy.
Accounting consultancy is almost like advisors but they have high subject expertise to help out with the financial planning and reports. They analyze and interpret financial statements and makes sure the company understands what their financial situation is. Consultants have the ability to help a company with all their financial needs.

There are several divisions when it comes to accounting. If you are into crime and accounting, you can follow forensic accounts. Likewise, in other industries there ways in which you can combine your interest and your knowledge together, this is the perfect combination.