Accounting - A Start Up
Posted by Steven in accountant, Accounts, bean counters, number crunchers, record keeping
Accounts and the accountant are the key players of the organization. Accounting is defined as keeping the records associated with the earnings and expenditures. The record keeping is given more importance than on the efforts involved in generating those earnings in the first place. The important thing about accounting is the more a manager knows about how the people who deal in numbers handle departme
nt finances and the methodologies they use, the more the manager will be able to intelligently work with them, making everyone’s job a little easier. So lets take a few steps into the world of accounting.
A good accounting function is whether in a large company headed by highly trained chief financial officers (CFO) or a small company with a book keeper- produces and communicates information. This information shows department heads how they are spending the company’s money and whether they’re getting the results they want. Sure, accountants are still number crunchers and bean counters, but the true value of what they do is in how they interpret and present the results of all that crunching and counting. For understanding it in a simple way, take the accountants as the score keepers and the accounts they provide as Score cards that rate how well certain activities help the company make money.
nt finances and the methodologies they use, the more the manager will be able to intelligently work with them, making everyone’s job a little easier. So lets take a few steps into the world of accounting.A good accounting function is whether in a large company headed by highly trained chief financial officers (CFO) or a small company with a book keeper- produces and communicates information. This information shows department heads how they are spending the company’s money and whether they’re getting the results they want. Sure, accountants are still number crunchers and bean counters, but the true value of what they do is in how they interpret and present the results of all that crunching and counting. For understanding it in a simple way, take the accountants as the score keepers and the accounts they provide as Score cards that rate how well certain activities help the company make money.
