What Does an Accountant Do | Discover What Does an Accountant Do

What Does an Accountant Do?

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.

Daily Tasks

  • Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
  • Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
  • Review accounts for discrepancies and reconcile differences.
  • Prepare adjusting journal entries.
  • Establish tables of accounts and assign entries to proper accounts.

Technology Skills

  • Accounting software — Fund accounting software Hot technology ; Intuit QuickBooks Hot technology ; Sage 50 Accounting; Tax software Hot technology
  • Data base user interface and query software — Best Software CPAPayroll; Data entry software Hot technology ; Microsoft Access Hot technology ; Yardi Hot technology
  • Enterprise resource planning ERP software Hot technology — Microsoft Dynamics Hot technology ; Oracle PeopleSoft Hot technology ; Sage ERP Accpac; SAP Business Objects
  • Financial analysis software — Brentmark Estate Planning Quickview; Delphi Technology Hot technology ; Oracle E-Business Suite Financials; RSM McGladrey Auditor Assistant
  • Tax preparation software — ATX Total Tax Office; BNA Income Tax Planning Solutions; Intuit Lacerte; Orrtax Software IntelliTax Classic


  • Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Clerical — Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
  • English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Law and Government — Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.


  • Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Mathematics — Using mathematics to solve problems.
  • Reading Comprehension — Understanding written sentences and paragraphs in work related documents.
  • Speaking — Talking to others to convey information effectively.


  • Mathematical Reasoning — The ability to choose the right mathematical methods or formulas to solve a problem.
  • Written Comprehension — The ability to read and understand information and ideas presented in writing.
  • Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense.
  • Near Vision — The ability to see details at close range (within a few feet of the observer).
  • Number Facility — The ability to add, subtract, multiply, or divide quickly and correctly.


  • Bachelor’s degree
  • Some college, no degree
  • Associate’s degree

Moreover, Find out Accountant Around The Web

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