Staff Accounting

Words: 505
Pages: 3
Open Document
Pam: What Does a Staff Accountant do?

According to Payscale, a staff accountant is in charge of various financial duties that include reporting, budgeting and auditing. As illustrated below, the actual work duties of staff accountants will depend on the company and the industry.

http://www.payscale.com/research/US/Job=Staff_Accountant/Salary

Business Office
In a regular business office, staff accountants are responsible for applying accounting principles through recording, reconciling and monitoring financial information. They may reconcile revenue, accruals, fixed assets, accounts receivable and debt related accounts. They may compile and submit financial information, such as journal entry and business transaction summaries, to management. …show more content…
They are responsible for recording, verifying, computing and classifying financial data from property and real estate transactions.
Senior staff works closely with property managers or real estate developers to maintain tenant relations and accurate tenant ledgers, which requires them to update monthly bills and lease information. They also reconcile property charges, verify commission calculations and perform monthly account reviews and analyses. Real estate property staff accountants verify cash receipts, account postings and mortgages and management fees. They also prepare year-end tax files for individual property portfolios and real estate holdings.

Insurance
Insurance-based staff accountants are in charge of processing accounts and payable transactions. They must ensure that the company meets internal standards and external regulations through providing timely and accurate customer service to vendors, claimants, and policyholders. These staff accountants work in accounting teams to perform month end closing responsibilities that includes account analysis, reporting and reconciliation. Entry-level accountants will receive and verify that invoices and transactions comply with basic financial policies and internal controls. They prepare payments, invoice batches and manages check runs. Senior insurance staff accountants perform quality assurance duties through exporting and meticulously examining claim
Show More

Related Documents: Staff Accounting

Inkwell Ltd Essay examples

INKWELL LIMITED An evaluation of the internal controls and an investigation of the accounting system at Inkwell Limited. Student Name: Paul Michael Bantusitse AAT Number: 10416343 I testify that the following report is my own unaided work and a true reflection of the organization. Signed: Dated: Table of Contents 1. TERMS OF REFERENCE 3 2. EXECUTIVE SUMMARY 3 3. METHODOLOGY 3 4. INTRODUCTION TO THE…

Words 6191 - Pages 25

Assesing the Effectiveness of Computerized Accounting System Essay examples

ABSTRACT The study aimed at assessing the effectiveness of computerized accounting systems in organizations (the general objective of the study). It employed a case study design and Ministry of Finance and Economic Affairs was chosen as the case of the study. Various literatures were consulted to get the theoretical and empirical thoughts of stupendous authors about the topic under study to help the researcher craft and refine her methodology. Questionnaires, documentation and interviews were…

Words 10739 - Pages 43

Reporting Practices and Ethics Paper

In all organizations accounting is essential because it is the root of business. Whether someone is working the front desk, management, or with patients everyone plays an important role in the generating of daily, monthly, quarterly, and annually financial statements by accountants with services that are being performed to consumers as well as performance from each of the staff. According to Sowell (2012), “balanced budget requirements seem more likely to produce accounting ingenuity than genuinely…

Words 706 - Pages 3

AQ2013 ISYS sample1 AssessmentBook Essay

Sample assessment Internal controls and accounting systems AAT Level 4 Diploma in Accounting Assessment book Candidate This sample assessment is for familiarisation purposes only and must not be used in place of a ‘live’ assessment. When you feel prepared to sit the live assessment please contact your Training Provider who can schedule a live assessment for you. Guidance The unit being assessed by this report is Internal Controls and Accounting Systems. Assessment is by a formal business…

Words 9930 - Pages 40

Effectiveness Of The Internal Controls And Accounting System Of Cookridge Carpets Company

1. Terms of Reference 1.1. The researcher made investigation on the effectiveness of the internal Controls and accounting system of Cookridge Carpets Company. It also has some additional contents such as recommendations that helps the company to improve its strengths and weaknesses to protect the company’s reputation. 1.2. The researcher also investigated on the stakeholders of the Cookridge Carpets company…

Words 5920 - Pages 24

Essay on plan isys

Introduction to business (Section 4) Which accounting function will you be reviewing? Accounts Receivable/Credit Control Overview of the business (PC 1.3) How big is the business – staff, offices, turnover? Chic Paints Ltd manufactures and supplies specialist paint products such as those used on boats, cars and industrial machines. It operates business to business. The company was formerly part of Ashstead Plc, but was the subject of a management buyout (MBO) from its previous owners in 2008…

Words 2357 - Pages 10

Case study two Essay example

the assets of a business through the implementation of administrative and accounting procedures. The aims of internal control are to prevent theft and fraud; prevent errors from being made in the first instance; Detect errors if they are made; Increase efficiency. There are Accounting and Administrative controls which should exist in a business. Some of these include Separation of duties; Physical controls and sound accounting practises. Each of these will be explained in this report. In this report…

Words 825 - Pages 4

Project Management Essay

Acronyms 3 1.5 Document Maintenance 3 2. Participant Roles and Responsibilities 4 2.1 Office of Systems Integration (OSI) 4 2.1.1 OSI Director 4 2.1.2 OSI Chief Deputy Director 4 2.1.3 OSI Budget Office 4 2.1.4 OSI Accounting Office 4 2.1.5 OSI Acquisition Center 4 2.1.6 Project Director 4 2.1.7 Project Manager 5 2.1.8 Project Financial Manager 5 2.1.9 Project Financial Analyst(s) 5 2.1.10…

Words 7592 - Pages 31

Gaap: Financial Statements and Technical Line Ipo Essay

June 2012 Technical Line IPO financial statement accounting and disclosure considerations In this issue: Overview ........................................... 1 Public company accounting ............... 2 Public versus nonpublic company transition periods........................ 2 Staff Accounting Bulletins ............... 3 Stock compensation ....................... 4 Redeemable equity securities .......... 6 Public company accounting disclosures .................................... 7 Earnings…

Words 8303 - Pages 34

IFRS - Accounting Essay example

between IFRS and US GAAP. There have been a number of countries adopting IFRS as their accounting standards. There are multiple benefits in harmonizing and adopting IFRS as the accounting standards. According to Sir David Tweedie, former chairman of the International Accounting Standards Board in London, “the growth of the global economy means eventual evolution of common system of regulation, auditing and accounting” (Iwata). It also meant that “an investor can take financial statements and set them…

Words 784 - Pages 4