Studied by 2 people
1) identify the role Of a bookkeeper and an accountant2 2) know the different duties of an accountant 3) Explain the difference between financial and management accountant
What is a bookkeeper?
Involved in the day to day transactions of a business
What is the role of an accountant?
• Recording and reporting
• Forecasting
• Monitoring and control
• External auditing
• Internal auditing
Who are the management employed by?
The business
What do the management team do?
• Prepare info for use within the business
• Provide info to business owners and directors to make decisions
Who are the financial people employed by?
Firm of accountants and work as consultants
What do the financial team do?
Prepare financial reports for the business that will be published and made available for people to look at outside the business
