An Accounts Officer monitors the company’s day to day transactions such as where they would be doing bookkeeping tasks like recording invoices, analysing the business's financial situation. This is then informed to the board of directors for them to make decisions.
The main focus is:
Profit and loss accounts/ Income statement
These are the final stages of the financial system for an organisation . It will show the financial situation of the company to see whether they are making a profit or loss for them to minimise their mistakes in the future or soon become successful.
What are Final Accounts Officers role?
Communicating with customers
Sending bills to customers; processes refunds
Interacts with collection agencies on past-due accounts
Works to resolve billing disputes.
How do you become a Final Accounts Officer?
You will require degrees in the following subjects:
Accountancy and finance
Once employed, you are usually provided professional accountancy training on-the-job. You are also encouraged to work towards various industry qualifications and qualify various professional examinations. You may refer to the websites of professional bodies offering such qualifications:
Association of Chartered Certified Accountants (ACCA)
Chartered Institute of Management Accountants (CIMA)
Chartered Institute of Public Finance & Accountancy (CIPFA)
Institute of Chartered Accountants in England and Wales (ICAEW)
You may also enter into this profession by studying for an accounting technician qualification offered by the Association of Chartered Certified Accountants (ACCA) or The Institute of Financial Accountants (IFA). After this, you may easily work your way up to a management position through professional accountancy training.
What skills are required for the role Final Accounts Officer?
Communication and Interpersonal skills
Proficiency in IT
Attention to Detail
What is the salary of Final Accounts Officer?
For this job you will need to have experience in Bookkeeping, Payroll, Accounts Assistant etc. as this is a senior position meaning experience is required for this job role as well as having excellent knowledge about the financial industry.
After completing an undergraduate degree, the starting salary will be £28,000. After completing the postgraduates courses or an accounting professional body. The number will go up to £35,000 and the numbers will rise with the more years they are working in this field.
How can Future Connect Training help in becoming Final Accounts Officer?