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Not-For-Profit Accountants Essay

468 Words2 Pages

Non-for-Profit accountants are liable for the financial management of a nonprofit company and organizations have special rules that pertain to the organization's accountants. Accountants of Not-for-Profit work closely with management, board members, and staff, making sure everything is in order financially. Another responsibility these accountants have is, showing monthly account information, which deals with accounts payable and account receivable. Not-for-Profit accountants are to show information that regards to bank accounts and current information on investment accounts and show information pertaining to the expense account. Any donations that are made to a nonprofit organization, Non-for-Profit accountants handle the accounts, in addition to, accountants are also known to take care of any assets and grant information. Developing financial controls or policies that have to be made is another responsibility a Not-for-Profit accountant has to take part in. Government accounts review financial paperwork for the …show more content…

(http://www.allbusinessschools.com/business-careers/article/role-of-the-management-accountant/) Management accountants are main components when deciding if a company has been successful. Responsibilities are determined by one's experiences or the business. A few different duties a management accountant may take on: Budgeting, Handling taxes, and Aiding in planning. (http://www.allbusinessschools.com/business-careers/article/role-of-the-management-accountant/). An accountant that works for a business other than a public accounting company is a Management accountant. The PowerPoint lesson we are studying, titled “Accounting”, say, they are “Responsible for collecting and recording financial transactions, and preparing and interpreting financial statements used by the firm’s

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