What's it like to be a Financial Accountant?
Financial Accountants are responsible for the accounting and financial activities of a company.
Tasks and duties
- Preparing monthly profit and loss, and balance sheet reports.
- Preparing cash flow statements and controlling expenditures.
- Collecting and analysing data used in the preparation of regular estimates.
- Assisting with end-of-financial-year accounts and statutory accounts.
In particular, Financial Accountants report on costs, productivity, margins and company expenditures to ensure that relevant and reliable information is provided to other departments and external stakeholders.
Financial Accountants oversee the reporting of a company's financial statements; these documents are required by law.
What can I earn as a Financial Accountant?
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How to become a Financial Accountant
- Complete a bachelor degree in the field of accounting. This could be a Bachelor of Accounting or a Bachelor of Business (Accounting). These are usually three year courses and are open to anyone who is 17 years of age or older and has completed year 12 with the necessary Universities Admission Index.
- Work for three years gathering professional experience in finance, accounting or business and undertake professional development activities each year.
- Complete a Graduate Diploma of Chartered Accounting (GradDip CA) or a CPA program.
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This qualification provides you with a background in business topics as well as the opportunity to specialise in accounting.