- Maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Investigate budget and variance issues.
- Analyze financial data in order to prepare financial reports and prepare budget forecasts.
- Maintain general ledger as needed.
- Generate and interpret financial records and statements for management.
- Manage the daily activities of the accounting department.
- Collect and provide information for audit inquiries and give assistance to auditors.
- Assist in the development and implementation of policies and procedures relating to financial management, budget and accounting.
- Oversee the posting and maintenance of general ledger accounts, payroll transactions, accounts payable and general ledger adjustments.
- Provide financial analysis statements including monthly balance sheets, income statements, cash flows statements, and actual to budget and last year variance analysis.
- Prepare informational analyses on current processes, actual performance versus budget and prior year data.
- Assist Operations team in Monthly Operations Review.
- Identify areas for cost reductions and operational improvements.
- Provide analyses to Operations team.
Finance Manager is a broader position and absorbs JDs of Accounts Manager. The bulleted analysis may include:
1) Accounts Managers focus more on the numerical accuracy of the financial figures, while finance managers make analysis on such reports,
2) Accounts Managers prepare reports on profit/ loss and costs, while Finance Managers assist management in designing policies or making strategies to increase revenues and to cut costs,
3) Accounts Managers report on the investment portfolio of the company, while Finance Managers manage that portfolio & give recommendations,
4) Finance managers prepare budgets & cash flow projections, making analysis on actual vs budgeted amounts and giving reports.
5) Accounts Managers focus more on historic transactions and recording them as per the financial regulations. Finance Managers are more forward & future-focused, setting financial targets, preparing the budget and helping the organization in reaching those targets,
6) Accounts managers work with other accountants to maintain transparent and accurate books of accounts, while Finance Managers would indulge in revising the JDs, roles & responsibilties.
how to go from accounting manager to finance manager
financial controller is higher than finance manager
managerial accountant job titles
1. accounting manager
2. financial analyst
3. cost accountant
4. budget analyst
5. internal audit
6. fixed asset accountant
7. cash management
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7. Senior Accountant
A Senior Accountant is responsible for reviewing journal entries of junior accountants and making recommendations based on their analysis. A Senior Accountant takes ownership of costs, expenses, and the productivity of an organization. Other responsibilities of a Senior Accountant include assisting with tax or financial audits, coordinating complex accounting projects, and preparing account reconciliations.
# of Google Searches for this title per Month: 800
1-4yr 59k( 4.9k pm)
5-9 64k (5.3k pm)
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6. Accounting Manager
An Accounting Manager oversees the daily operations of an accounting department. An Accounting Manager is responsible for establishing the proper accounting methods for a business and the enforcement of those policies. An Accounting Manager is expected to meet financial accounting objectives set by senior management and may also provide budget recommendations based on financial reports. They often report to the
# of Google Searches for this title per Month: 1,400; Accounting Supervisor: 250
singapore salary 1-4yr 49k (4k pm)
5-9yr 67k (5.5k pm)
Controller or Director
A controller, sometimes known as a director, is an important position in the accounting job titles hierarchy because this person is responsible for creating financial reports that give a thumbnail sketch of your existing financial position. When you order an independent audit, a controller is also responsible for helping to gather the documents and numbers that are included in an annual report. Typically, a controller reports to the CFO or vice president of finance but is given wide latitude to autonomously manage a number of important accounting activities. Although a controller doesn’t wield the same level of authority as a CFO, this person is actually more involved in the daily accounting operations of your company, which is why it’s a key position in the accounting job titles hierarchy.
Mid-Level Accounting Managers
In the accounting career hierarchy, accounting managers are equivalent to mid-level business managers. If you own a large company, you might have three accounting managers: accounts receivable manager, accounts payable manager, and a payroll administrator or payroll manager. In a smaller business, there might only be one person managing all these aspects in accounting. The main duties of an accounting manager are to supervise accountants at your workplace to prepare general ledgers, generate financial reports, prepare annual audits, and develop budgets. Accounting managers must ensure that your company’s monthly financial information is compiled and given to the controller. He must also ensure that all bank compliance documents are filed, and the accounting manager often meets with a controller to discuss special reports and to provide updates on financial report timelines.
Accountants and Analysts
Accountants and financial analysts are at the next to last level of the accounting career hierarchy. Accountants have direct responsibility for their field of expertise, which includes analysis, reporting, payroll, invoicing, accounts payables, account receivables, and vendor qualification. In larger companies, these duties are separated because of the volume of work involved. In smaller companies, one accountant might perform all of these duties. Accountants and financial analysts do the day-to-day work necessary to keep your company’s books in order. They process numbers and figures on a daily basis to ensure that your financial documents are current, and their work is central to your future success. Accountants report directly to an accounting manager.
Accounting Clerks or Assistants
Accounting clerks or accounting assistants are at the base level of the accounting career hierarchy. As the title implies, they assist accountants in their daily work by entering data, processing accounts payable, processing payroll, and doing the initial numbers-crunching on accounts payable and accounts receivables.
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progression of staff accountant in industry. possible career progression.
probably go into public accounting in the beginning. cos probably easier cos long hours. so, some people will go to industry so more job opportunities open for public accounting.
then, when you reach senior level, start considering your exit options if you feel that you many not want to reach manager level. if you're ok with that then stay until manager level. then leave after manager level.
if industry, i'm interested in accounting in investment companies like temasek, or banks like dbs,
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Among the advantages are the opportunities to work with prestigious clients, travel, and get training and career development.
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