Accountancy Jobs A job as an accountant can mean far more than simple money-counting. Below are some examples of vacancies that a qualified Accountant could expect to apply for: Financial Controller – A financial controller, (also sometimes referred to as a ‘Comptroller’, Corporate Controller or Cost Controller,) is often responsible for all financial & management reporting within a finance team or department. They aim to maximise the return a company receives on its financial assets by developing and establishing financial policies and procedures, putting relevant controls in place and reporting any problems that arise. Financial Accountant – Accountants in this role will most often be responsible for all internal and/or group financial reporting, and will be completing the work to very high, accurate standards and to sometimes extremely tight deadlines. They usually report to a Finance Manager, and will be expected to provide VAT and corporation tax advice to the company, as well as calculating a company’s contributions to these for monthly, quarterly and annual reports. The role may also entail some budgeting work, and will mostly require the applicant to be a qualified chartered accountant, with knowledge of the use of some specialised computer software. Assistant Accountant – This position is seen as an entry-level role. It does not usually call on the applicant having much experience, but usually requires that they be studying towards a recognised accountancy or financial qualification. Responsibilities can include preparing monthly Key Performance Indicators (KPIs), as well as monthly statements of overheads within the company in question. An Assistant Accountant may also be responsible for generating sales invoices, as well as having some responsibility for credit control. Many companies offering this sort of position will provide study support, meaning that an applicant can receive ‘on the job training’ whilst completing their accountancy qualifications. Fund Accountant – This role can vary, but often involves supervising and operating investment, property, charity or trust funds. Duties most often include tracking the financial performance of the fund in question, (and any underlying holdings,) and preparing financial statements on anything from a monthly to an annual basis to be given to the fund holders. Investigating and analysing other financial information that will affect the fund is also expected, as is the tracking of cash-flow within said fund. Due to the large amounts of money these funds can deal with, employers usually expect applicants to be very well qualified and have some extra knowledge of the field that the fund is based in, (whether it’s property, investments etc.) Posted in Financial Accounting | Tags: Accountancy Jobs | No Comments » Accounting Homeworks April 12th, 2012 | Author: globalfi ccThese require a deep understanding because if things related to finance go wrong then the other things cannot be in place. Accounting solutions are offer difficult to get unless one can understand all the concepts of the subject in the way that it is supposed to be. A proper understanding of all the accounts, their transactions and their functioning is needed to build the proper base in the mind of the student. Accounting homework is not an easy target to hit and score and so help with accounting homework is needed so that the students know that the direction in which they are working is wrong or right.Students do need help with accounting whether it is intermediate accounting help, Financial accounting homework help or managerial accounting homework help. College accounting homework help is needed the most by the students because the college is a level where one cannot afford to make any mistakes with the studies. Accounting homework helper has become a very convenient and easy option available for the students to easily get over with their accounting homework and get the accurate accounting solutions to the problems. As a matter of fact, It is no doubt a difficult subject and can trouble a student life long if the basics of it aren’t clear and he just tries to cram the things up. It is not a theory subject but it does require a clear understanding of the theory in order to make it easy for the person to apply the concepts in the accounting problems. Portals that provide free accounting homework help are very effective in solving the accounting problems and making the students understand how to understand the subject well urgenthomework has the best experts to guide you and help you in completing your homework in time . Posted in Financial Accounting | Tags: Accounting Homeworks | No Comments » Offshore financial accounting services | Author: globalfi With the business process outsourcing culture influencing almost every sector of man’s business related and technical enterprises, the number of new sectors queuing in to the outsourcing trend is increasing with days. Engineering, telecommunication, Information technology, customer care, insurance etc are examples of services that has predominantly resorted to the outsourcing methods for higher efficiency and growth. While listing out to domains which are becoming prominent among the sectors that outsource one can find that offshore financial and accounting services are steadily gaining importance. Offshore financial and accounting services provide a vast range of financial and accounting solutions to businesses or companies of various fields. The basic functions that are outsourced by companies to offshore financial and accounting services are managing the company accounts and their financial data. Business firms or other companies can outsource their financial or accounting works either fully or partially to offshore financial and accounting service providers. These offshore companies are also providing taxation, reconciliation, financial bookkeeping services etc. Most of the present day offshore financial and accounting services providers have their services custom made or tailored to suit the needs and nature of the hiring company. Advantages of hiring financial and accounting services are numerous and this is the key reason for the very evident growth of this sector at such impressive rates. The most obvious advantage is that the company can reduce operational costs as well the capital expenditure. Increased efficiency levels due to the involvement of sharper manpower are another highlight of offshore financial services. Outsourcing accounting processes and book keeping services are seen as a wise choice by most of the leading business companies these days. By associating with offshore financial and accounting services the hiring company frees up a lot of space in its premises and can make its in house team to concentrate on core business activities. Small and medium level companies which are keener on playing safe rather than doing adventurous business are also interested to outsource the accounting and financial bookkeeping services. By selecting the right offshore financial services the hiring company gets almost guaranteed benefits in its growth as well as its overall efficiency. The choice of the right service provider is the part that needs to be taken utmost care of from the perspective of the hiring company. While outsourcing vital business processes like payrolls, reconciliation, tax preparation or financial book keeping services the hiring company should make sure that the services provider can do your work on agreeable terms and that they have a good track record till date. Posted in Financial Accounting | Tags: Offshore financial accounting services | No Comments » Business Finance Help April 2nd, 2012 | Author: globalfi With recent complications in obtaining business financing, the use of a wider array of commercial finance resources has become an increasingly prudent tactic for business owners. It can be a daunting task to find the most effective and useful commercial financing resources. Commercial borrowers can simply use one of the leading internet search engines to locate the most appropriate business finance sites referred to in this discussion. All of the noted resources are free and available online. In this overview business owners will find some of the small business financing resources which they should review in conjunction with their efforts to obtain business loans and working capital financing. An initial recommended resource can be found by using “commercial mortgages and commercial loans guide” as a search phrase. Candid and practical advice about avoiding problems with small business financing and commercial mortgage loans is emphasized on this website. Articles covering other relevant commercial financing topics are included. A prime example is a special report describing what a commercial borrower can do if a bank declines their commercial mortgage loan application. By using “business cash advance and working capital guide” as a search phrase, a second key funding resource will be located. It will not be a surprise to learn that this site focuses on options for working capital management. A small business cash advance executive summary at this site should be helpful to many business owners. This summary report includes a list of ten problems to avoid with credit card factoring. A third resource of general interest to small business owners will be found by searching for “working capital help” or “working capital journal”. Of special interest is likely to be an evaluation of predatory lenders to avoid. A comprehensive update about the many evolving changes for commercial finance programs is also provided. Including terms like “avoiding problems” together with descriptions such as “working capital” and “commercial mortgage loans” is recommended for more helpful insights about business loan reports available through internet search engines. For example, borrowers can obtain useful insights about difficulties to avoid in their business finance efforts by reviewing results found with “avoiding problems with small business financing”. With this approach to researching issues with business loans, there are also some suggested precautions to observe. First, there is not a viable substitute for personalized discussions between a commercial finance expert and a business owner because of the increased complexities governing business loans. Second, there will usually be specific variations from one business to another that require more detail than an article identifying general commercial loan problems can realistically provide. However, by devoting some time to reviewing sites identified by the search phrases noted above, it is likely that business owners will gain helpful insights about the changes which are currently dominating the business finance news. While there are new small business loan problems which borrowers are likely to encounter, these difficulties can often be overcome successfully with appropriate strategies. Posted in Financial Accounting | Tags: Business Finance Help | No Comments » Start up Business Financing in Canada April 2nd, 2012 | Author: globalfi Startup business owners and entrepreneurs know the challenging of raising financing in Canada. While many firms are successful in some forms of business financing the reality is that many are unable to obtain the financing they need – we would qualify that comment by saying that are often unable to obtain ‘ all ‘ the financing they need. Studies done in the U.S. ( Mason Harrison study ) seem to suggest that companies that obtain initial and long term equity from owners and others seem to do better than those that borrowed their way to growth. We will leave that debate for another day. Start up business financing in Canada revolves around two issues – how much and when. How much funds does the company need at what stage in their growth do they need it. As firms become more successful they can move up the financing food chain because they are viewed as ‘less risky ‘than companies that are in start up or pre revenue mode. There is an acknowledged pecking order in who provides financing to start ups. That order is as follows: Owner’s investment Friends /Family/Angel investors Banks Non bank financial institutions Equity markets We would also observe that companies tend to move through that process in the exact order as stated above. Obviously not every firm wishes to do a public offering, and in fact many firms never reach the size or financial structure that would allow such a move to a public entity. Let’s recap a bit of info on the financing participants we have outlined above. Owners virtually have to have some of their own money invested in their start up business. Financing the entire business on OPM (Other Peoples Money) is highly frowned upon by all outside lenders investors. The key questions often simply become how much is required by the owner, and does he or she have that equity commitment. The more the business owner puts in allows him to borrow less or to give up less ownership. Angel investors and friends and family utilize their own funds and experience to assist the start up firm. Their role can be passive, or active. (Hopefully that issue is defined upfront!) Angels and friends and family fit because usually the firm does not need larger amounts of capital in the early stage. Banks for all the obvious reasons tend to be risk averse and start ups bring risk. Canada addresses that issue by, first of all, having some of the most successful (because they are conservative!) banks in the world, by providing loans that are federally guaranteed under the governments Small Business Loan program. Since most start up firms don’t have the proper cash flow, equity and assets the banks focuses on the personal credit and guarantees of the entrepreneur. In the current somewhat recessionary and illiquid financial markets of 2010 this situation is as acute as every – small business owners have a challenge in getting business loans. Non Bank Financial corporations play a huge role in the Canadian start up business financing environment. They include leasing firms, factoring firms, and asset based lenders. They are an absolute vita piece of the start up financing puzzle, many business owners are not fully aware of the financing potential of these entities. In summary, business financing in Canada is currently a challenge, for a smaller firm or a start up the challenge is even more acute. Business owners should ensure they are aware of all financing options, as no one option is going to singularly take the company to the next level of success and growth.
Posted on: Thu, 03 Oct 2013 09:09:43 +0000
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