What Does an Accountant Mean?

The accountant is responsible for auditing and coordinating the financial accounts of the company, processing the accounting books in a complete and timely manner and performing periodic accounting activities.

What Does an Accountant Do? What are their Duties and Responsibilities?

The main duty of the accountant is to prepare the financial statements of the companies for which he is assigned or authorized to be presented to the stakeholders and to examine them in accordance with the rules. The main responsibilities of the people working with this label are as follows;

  • Making financial analyzes of the companies they work for
  • Analysis of customers' or company's income-expenditure items
  • Advice on non-daily financial events (such as mergers, bankruptcies) for the company
  • To have knowledge of tax legislation,
  • Taking actions on company payrolls
  • Financial and financial inconsistency, if there is to find out the reasons, to fix the problem.
  • Preparing all financial reports that may be requested by the management periodically
  • Managing the process at the end of the period (such as monthly, quarter-end, year-end)
  • Analyzing market trends, interpreting data and taking action on business efficiency.
  • Ensuring and protecting the confidentiality of company information

What Does a Budget Planner Mean?

The Budget Planning Specialist is responsible for making cost analysis and financial planning in line with the company's resources. Periodically guides companies on short and long-term budgets.

What Does a Budget Planner Do? What are their Duties and Responsibilities?

Budget planning experts, who are the financial backbone of the company they serve, are responsible for managing the entire budgeting process;

  • Assuming decision-making on financial plans that align with company objectives
  • Collecting the budget targets necessary for the departments to achieve their targets and examining their sub-breakdowns
  • To analyze the past financial period and evaluate the profits/losses.
  • To make changes in the budget in accordance with the management staff and personnel of the departments.
  • Analyzing the incoming data for evaluation in the budget presentation and reviewing the financial status of all operations to be taken within the company.
  • Performing budget follow-up at periodic intervals
  • To advise department managers on the use of budget items
  • Creating reports on differences in the budget
  • Compliance with the processes regarding approved budgets
  • To be sensitive to the protection of the confidentiality of company information

What Does a Financial Analyst Mean?

The people who analyze the financial instruments of the companies, namely the cash flow statement, balance sheet, profit before tax, are called financial analysts. Persons working in this position also take part in financial studies such as annual budget studies and accounting records.

What Does a Financial Analyst Do? What are their Duties and Responsibilities?

  • Forecasts for the financial future of the organization
  • Creating new financial models in order to increase the efficiency of the company through financial statements
  • Following information about asset depreciation, evaluating capital expenditures.
  • Forecasting the industrial and financial conditions that will be required in the investment decisions process, with the help of financial information
  • Constantly following financial analyzes and reports, working in coordination with the members of the finance department, reporting to the management when necessary
  • Taking part in the preparation of the company's future financial budgets

Financial Analyst Required Qualities

  • Working in coordination with the financial team of the company and being open to cooperation
  • To have the ability to interpret the numbers and what they mean for the company, to have analytical thinking and working skills
  • To act in accordance with the company culture and internal functioning
  • To be able to analyze complex data shared with him, especially financial statements, and to draw up an appropriate action plan.