An accountant utilizes training or expertise in the realm of enterprise, finance or accounting to examine the accuracy of financial statements. Accountants guarantee all monetary records and statements, such as the balance sheet, revenue and loss statement, money-move assertion and tax return, are consistent with federal legal guidelines and regulations and customarily accepted accounting principles (GAAP). Accountants additionally compile the information wanted to arrange entries to company accounts, similar to the general ledger, and so they doc enterprise monetary transactions over time. This info is used to organize weekly, month-to-month, quarterly or annual closing statements and cost accounting reports.
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