money matters for students

Finance Department- Corporates

1. Chartered Accountant (CA)

Standard job description

Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Skills

A CA must possess leadership abilities to handle a team of accountants.

He/she also must possess knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications is also required.

He/she uses mathematics to solve problems. He/she combines pieces of information to form general rules or conclusions applying general rules to specific problems to produce answers that make sense. He should be able to tell when something is wrong or is likely to go wrong.

Tasks

A CA analyzes business operations, trends, costs, revenues, financial commitments and obligations to project future revenues and expenses or to provide advice. He/she reports to management regarding the finances of the establishment. He/she also develops, maintains and analyzes budgets, preparing periodic reports that compare budgeted costs to actual costs.

A CA develops, implements, modifies and documents record keeping and accounting systems, making use of current computer technology. He/she also prepares forms and manuals for accounting and bookkeeping personnel, and directs their work activities. He/she undertakes survey operations to ascertain accounting needs and to recommend, develop and maintain solutions for business and financial problems.

His/her task also includes performing treasury operations and risk analysis, performing audits as well as supervising banking activities and assisting in preparing report for banks.

Educational Qualifications

Employers look to hire members of Institute of Chartered Accountants of India (ICAI).

2. Accounts executive

Standard job description

Working with other members of the financial team to analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Skills

An accountant uses mathematics to solve problems. He/she combines pieces of information to form general rules or conclusions applying general rules to specific problems to produce answers that make sense. He should be able to tell when something is wrong or is likely to go wrong.

He/she must possess knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications is also required.

Tasks

An accountant's usual workday sees handling day-to-day accounts, preparing, examining, and analyzing accounting records, financial statements, and other financial reports. He/she must assess accuracy, completeness, and conformance to reporting and procedural standards.

He/she computes taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements. An accountant also prepares MIS reports, customer reconciliation forms and assigns entries to proper accounts. He/she would also have to maintain proper registers and books of account.

3. Finance Assistant

Standard job description

Working with other members of the financial team to analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Skills

A finance assistant uses mathematics to solve problems. He/she combines pieces of information to form general rules or conclusions applying general rules to specific problems to produce answers that make sense. He should be able to tell when something is wrong or is likely to go wrong.

He/she must possess knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications is also required.

He/she should have the ability to pay attention to detail and be very organized.He/she must understand written sentences and paragraphs in work related documents.

Tasks

A finance assistant analyzes basic financial information in response to queries from Managers, suppliers and customers, handles day-to-day accounts, assigns entries to proper accounts, computes taxes owed and prepares tax returns, ensuring compliance with payment, reporting and other tax requirements. Apart from this he/she prepares, examines and analyzes accounting records, financial statements and other financial reports.

The job description may also include preparing MIS reports, customer reconciliation forms, maintaining proper registers and books of account and ensuring compliance with all management policies and procedures.

He/she attends finance meetings and document key information and decisions as required and supervises and direct a team of junior accountants.

Educational Qualifications

Most recruiters would expect a qualification of post graduation. Knowledge of tally and SAP would be an added advantage.

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