Introduction
The course is aimed at delivering effective training related to financial management. This will cover all the aspects, including the financial and nonfinancial skills needed for the post of accountant.
Milestone One: Job Requirements and Skills
Accountants have the role of providing financial advice to their clients, who can range from single proprietors to multinational firms. There are specialization areas for these professionals in which they excel. These can be the auditor, forensic accountant, management consultancy and taxation. These have some prefaced duties, and these include the preparation of the accounts of the organization that employs them. Preparing the payrolls and arranging and submitting customer invoices, with the estimation of income and expenditure. Preparation of the financial statements and preparation of projected budget, analysis of different financial opportunities for investment. Marking the insolvency cases and have they’re following up.
Compensation and Benefits
Employee compensation has a major role in the employee-employer relationship. This has the mutual importance for both the stakeholders. An employer can compensate the employees for wages or salaries and, with the portion of the profit, share with them in the form of bonuses. This compensation will include different health and other benefits. These depend upon the competitiveness of the employee in the market, prevailing advantages and salaries(Satiani, Nair, Starr & Samson, 2014). There are different compensation plans also for the accountants and salary s a good option in this case.
Career Development and Training
Accountants need the training first, and then they practice their skills professionally. Training is the basic requisite for this job, as a technical one. Then they professionally grow in simple firms and then in international firms in their account departments and gain experience there.
References
Aamir, A., Jehanzeb, K., Rasheed, A., & Malik, O. M. (2012). Compensation Methods and Employees’ Motivation (With Reference to Employees of National Commercial Bank Riyadh). International Journal of Human Resource Studies, 2(3), 221.
Satiani, B., Nair, D. G., Starr, J. E., & Samson, R. H. (2014). Essentials of negotiating for employment in a changing environment. Journal of Vascular Surgery, 60(1), 253-259.
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