Since my major is accounting, my career in the future is definitely to be an accountant. In the all kinds of options for job, I prefer to be an accountant in a public or private firm. Working as an accountant, except for the responsibility and work spirits, sufficient and professional accounting knowledge and skills are also necessary. Analyzing the data, preparing reports, and providing information for decision making are some basic techniques for accountants.
Data is needful in accountants’ lives. Dealing with data is the first daily work for those accountants who work in the public or private firm. Data, such as assets, liabilities, stockholder’s equities, revenues, and expenses and so on, are the most basic elements of accounting. They are also the foundation of advanced research. Data is a good assistance for accountants. Accountants can obtain further information by analyzing the raw data. Without data, accountants can do nothing.
Preparing reports also plays an important role of accountants’ daily lives. Accountants need to compile and analyze data in order to write reports accurately and completely. The main purpose of accountants is to prepare reports by doing researches and analyzing data. The reports include balance sheet, income statement, statement of cash flows, and annual report and so on. All kinds of reports need the support of accounting information.
In addition, assisting management in decision making is also essential in accountants’ lives. Through these reports, management department can gain the exact financial information they need. Therefore, reports play important roles in financial decisions making. For instance, income statement reports success or failure of company’s operations, statement of retained earnings reports the net income retained in the cooperation, balance sheet reports the financial position( assets and claims against those assets), and stamen of cash flows provides information on company’s cash receipts and cash payments. From all kinds of statements, accountants summarize the data needed for...