Much of corporate accountants’ work deals with ensuring that businesses stay within their own financial policies, as well as applicable regulations and tax laws. The information that corporate accountants generate is passed to executive-level staff, who then use it to make decisions about the business of the company.
The duties of corporate accountants generally fall into two categories. The first of these is preparing financial statements. Corporate accountants gather ledgers and finance information from different offices, projects, and other groups, then consolidate the data into a corporate financial statement. The second major task is the preparation of budgets. Executives typically set financial goals, and companies much work within certain budget parameters to meet these goals. Corporate accountants perform audits of various groups to ensure that they are under budget.
Most corporations require that their accountants hold at least a bachelor’s degree in accounting or a finance-related field. Depending on the company, corporate accountants might also need to be certified public accountants (CPAs). Some companies even require their accountants to be Cectified management accountants (CMAs).
Corporate accountants typically work regular business hours in an office environment, but overtime often occurs near the end of accounting periods and during tax season. Corporate accountants must be analytically minded and well organized. They must have good written communication skills for report-writing and good verbal communication skills for working with the staffs of various offices and groups.
Corporate Accountant Tasks
Consolidate and analyze crosscompany financial data.
Maintain corporate financial records and regularly prepare accounting reports and journal entries.
Ensure accuracy of financial reporting and adherence to local and federal regulations, including SarbanesOxley specifications.
Oversee all regional or departmental company finance and accounting activities.
Prepare company accounts for auditing.