Role of Accountants

Usually, accounting and financial and analytical functions in a company are performed by different specialists (www.tet.no) . And sometimes the manager sees in the accountant only a “accountant”, whose main tasks are qualified accounting of business operations, competent preparation and timely presentation of accounting and tax reporting, optimization of the tax burden on the company. But in the current conditions of economic instability, such a “narrowly applied” vision of the functions of an accountant cannot be considered sufficient. Right now, it’s time for managers to take a different look at their accountants as real or potential (depending on qualifications and work experience) assistants in solving pressing problems of maintaining the financial stability of an enterprise.

It should be borne in mind that a professional accountant with good professional training and solid work experience is often able to identify the weakest and most financially vulnerable “areas” of a company that leaders and employees of other areas of the organization do not always pay attention to (https://www.tet.no/avdelinger/kristiansand) . And such a specialist, despite the fact that his work is invisible and does not bring “real money”, is of great value for the organization, preventing negative consequences in the future.

In some cases, when an accountant has not yet reached the heights of his skill and is not always able to perform certain tasks, only indirectly related to accounting issues, it is much easier, cheaper and safer for the company’s head to give him the opportunity to gain additional necessary knowledge than to hire a new accountant or engage for performance of such work specialized organization.

The head of the organization needs to understand that in a period of unstable economic situation, the ability to compile reliable financial statements (https://www.tet.no/regnskap/inkasso) , on the basis of which it is possible to assess the financial and economic condition of the organization, as well as optimize taxation and assess tax risks, becomes particularly important. Given the above, the head of the organization should pay most attention to the work of the accountant of his organization.

And not only to assess the quality of the accountant’s work, but also to determine its potential for solving “related” economic issues, especially if there are no other people in the organization who have a sufficient level of knowledge and skills in the financial and economic sphere (economists, planners and etc.)