Accounting managers are responsible for the administration of accounting, management of accounts and organizational budgeting. They oversee all accounting processes completed by the accountants who report to them. Additionally, they create systems for an organization’s accounting work, report financial information, recommend improvements for accounting procedures and make sure all accounting follows legal and regulatory standards.
What Responsibilities Will I Have?
- Interpret statistical and accounting information to appraise operating results
- Oversee financial statements reporting, foreign currency accounting, fixed assets, governmental reporting and other accounting activities
- Manage accounts within the company
- Ensure that accounts payable are paid in a timely manner and reasonable discounts are taken
- Manage information reports on the requested topic and interval
- Maintain budget compilation and control
- Analyze monthly reports against pre-determined budgets
- Maintain a company’s general ledger
- Manage the closing and balance sheet reconciliation (verifying the accuracy of the record of the company’s financial condition) processes
- Oversee accounting, risk management and budgeting processes
- Analyze and interpret monthly operating or project performance against budget
- Develop accounting and financial management systems and reports
- Establish and monitor internal controls and processes
- Work with internal and external audit agencies (agencies that examine the financial statements prepared by accountants and ensure they represent the company’s financial position accurately) on quarterly and annual income statements
- Prepare monthly management reports
- Comply with local, state and federal government reporting requirements and tax filings
Recommended High School Courses:
- agricultural education
- personal finance
- business, economics
- computer skills
Accounting managers are employed by nearly all companies in agriculture as well as accounting firms and government entities.