Roles and responsibilities

Roles Responsbilites

Book-keeper

Every business, no matter how large or small, is required by law to 'keep books'. This involves the recording of the financial transactions of a business, whether manually into ledgers or by entering everything on to a computer. The book-keeper then provides a business with accurate figures that enable it to know exactly how well it’s doing.

Management accountant

Financial accountants (see below) traditionally focus on audit, tax and reporting on past performance, whereas management accountants look forward. They work at the heart of the business, evaluating and interpreting financial information so that they can make the strategic decisions that will shape an organisation's future. CIMA chartered management accountants are qualified to engage in a wide variety of activities:

 advising managers about the financial implications of project management

 explaining the financial consequences of management decisions, and suggesting

 actions

 making strategic decisions and formulating business strategies to create wealth and shareholder value

 monitoring spending and financial control

 managing risk and business assurance

 cost determination and financial control

 evaluating existing financial information