shobha dedhia

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WHO IS A CHIEF ACCOUNTANT-A CHIEF ACCOUNTING OFFICER OR CAO IS AN

OFFICIAL AT A COMPANY RESPONSIBLE FOR

OVERSEEING THE COMPANY'S ACCOUNTINGOPERATIONS. THIS INCLUDES EVERYTHING

FROM REGULATORY COMPLIANCE WITH

ACCOUNTING STANDARDS AND PRACTICES

TO WORKING WITH THE CHIEF FINANCIAL

OFFICER (CFO) ON DEVELOPING FINANCIAL

STRATEGIES FOR THE COMPANY.
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Plans.Supervises.Ensures.PerformsPrepares.Generates.MaintainsEvaluates.Co-ordinatesProvides..

SPECIFIC DUTIES ANDRESPONSIBILITIES:-


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MINIMUM TRAINING AND EXPERIENCE- Bachelors Degree in Public or

Business Administration,Accounting, Finance or relatedfield; supplemented by seven

(7) years progressivelyresponsible experience inmunicipal and business

accounting and budgetadministration; or an equivalentcombination of education,

training and experience.


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KNOWLEDGE, SKILLS AND ABILITIESABILITY..

EXTENSIVE..

CURRENTKNOWLEDGE.

SKILL..


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While performing the essential functions of this job the

employee is regularly required to stand, walk, use hands to

finger, handle, or feel, reach with hands and arms, climb orbalance, stoop, kneel, crouch, or crawl, and lift and/or move upto 25 pounds.

While performing the essential functions of this position theemployee is rarely exposed to disagreeable environmentalfactors.

PHYSICAL REQUIREMENTS:-


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In USD as of Sep 7, 2012 Senior Technical Accountant $69,000 Senior Accountant Real Estate $61,000

Senior Accountant Analyst $67,000 Senior Accountant Manufacturing $66,000 Senior Accountant Financial Reporting $68,000 Senior Accountant Fortune Company $59,000 Senior Corporate Accountant $71,000

SENIOR ACCOUNTANT SALARY
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Senior Accountant Financial Analyst $67,000 Senior Accountant Healthcare $73,000 Senior Financial Accountant

$74,000 Senior Property Accountant $61,000 Senior Revenue Accountant $72,000 Senior Accountant Assistant Controller $68,000 Senior Accountant $63,000 Senior Accountant UP $69,000

SENIOR ACCOUNTANT SALARY
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HOW TO AUDIT A MANUFACTURING PROCESS:- An audit of a manufacturing process

is a comprehensive examination ofthe process to verify that it isperforming as intended.

Processes generate results, andprocess audits determine if the

results are accurate and beinggenerated by an effectively managedprocess.

Manufacturing process audits shouldensure that procedures are properlyfollowed, problems are quicklycorrected, there is consistency in theprocess, and there is continuousimprovement and corrective action

as needed.


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HOW TO WRITE TECHNICAL AUDIT REPORTS:- The most successful technical audit

reports leave no doubt about theirpurpose.

They clearly present the conclusions ofan audit plan chartered to identifydeficiencies in a companys process or

operation. Because deficiencies drive up costs

and delay production, companieswaste no time conducting audits thatspot these shortcomings in

manufacturing products or providingservices. Typically, the findings of audit reports

become plans for future action, suchas adding steps to a process that

improve an operations safety orefficienc .


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HOW TO WRITE AN AUDIT RECOMMENDATION:-

An effective audit recommendationprovides suggestions for correctingproblems. It also addresses the cause ofissues.

Writing an effective audit recommendationinvolves documenting the details aboutfixing the current situation and addressingthe root cause to minimize or eliminatefuture occurrences.

Business professionals conduct audits toimprove operations, validate the reliability

of financial reporting and ensurecompliance with laws and regulations. Internal audits also evaluate control

mechanisms and make recommendationson improving the auditing infrastructure.


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Human resource audits are designed toassess the health of the HR department, aswell as that of the larger organization.

HR audits may be performed for a variety ofreasons: to ensure that the department is incompliance with laws and regulations, tooffer recommendations for more effectiveemployee relations or to help an

organization determine how HR-relatedproblems can be solved.Whatever the reason for conducting the audit,

organizations need to create a thoroughchecklist of what will be evaluated, frombenefits and compensation to employee

education and training programs.Keep in mind that this is not an exhaustive listand that your organization may requiredifferent auditing strategies.

CHECKLIST FOR HR AUDIT:-


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Operational audits are quite different

from typical financial audits orregulatory examinations.

The goal is to identify the strengths andweaknesses of company operations.

They can be performed as internalaudits, using current audit staff, orexternal audits, using outsideprofessionals. Checklists tend to beextensive and highly detailed.

This article outlines the major areasusually addressed in operationalaudits. Checklist details relate tospecific companies, industries,markets, and internal departments.

OPERATIONAL AUDIT CHECKLIST:-


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KEY DUTIES/RESPONSIBILITIES OF CHIEFACCOUNTANT:- 1. Responsible for knowing critical functions within the

department and capable of mentoring and assistingemployees within the department.2. Utilize teamwork to develop departmental synergy.

3. Monitors compliance with generally accepted accountingprinciples (GAAP) and company procedures.4. Reviews, investigates, and corrects errors andinconsistencies in financial entries, documents, and reports.5. Assures compliance with federal, state, local andcorporate policies, regulations and laws.6. Reviews accounts payables and weekly check runs.7. Determines proper handling of financial transactions andapproves transactions within designated limits.


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. Determines proper handling of financial transactions andapproves transactions within designated limits.8. Compiles and analyzes financial information to prepare

entries to general ledger accounts, cost centers anddocuments business transactions.9. Responsible for distributing financial statements and costcenter reports.

10. Prepares work papers and supporting schedules for theannual financial review.11. Staff management and development.12. Distributes monthly comparison reports and cost centerreports according to schedules.

13. Prepares financial statements and other reports tosummarize and interpret current and projected companyfinancial position.14. Analyze transactional processes and identify areas

where additional accuracies and efficiencies can be


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