Sr. Executive Accounts & Finance

Designation - Sr. Executive Accounts & Finance Essential Roles & Responsibilities Trial Balance Entry. 3 columns, account # account description, and account balance. The credits go in as negative so you should always have a zero balance when entered. •Grouping accounts. •Calculating ratios/ ratio analysis, and compare to industry averages. •Theres a program called Smart E practice Aids where you enter the client information for an audit, and select what audit programs you want, and the audit programs are designed to agree with your management assertions. So this is basically filling in client information. we need help with this. •Help set up an audit file with lead sheets, and audit programs. •Set up test work papers. I will select a sample of receivables, inventory, payable, sales, expenses, and general journal entries. Need to enter samples into test spreadsheets. •A decent accountant should be able to reconcile retained earnings so prepare an equity test page. Which some small companies you reconcile retained earnings, trace any distribution payments taken by the owner to bank statements, and document that there were no changes in ownership •Expectations analysis. Put together a memo indicating what we think account balances will be and why. We tie this into our analytical procedures. •Top down revenue test. I get every bank statement and verify that the bank reconciliations have been done properly. We add up all deposits, minus transfers, minus and loan or equity deposits, minus prior year receivables, add current year receivables, and that total should be close to revenue recorded in the general ledger. •Financial statement preparation of balance sheet, income statement, statement of stockholders equity, and statement of cash flow. •Prepare SOCF calculations with the prior year numbers.