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Career Guidance Skills information skills S2.8 - monitoring, inspecting and testing S2.8.3 - monitoring financial and economic resources and activity Ensure compliance with accounting conventions
Description
Exercise accounting management and abidance by generally accepted accounting conventions such as recording transactions at the current price, quantifying goods, separating personal accounts of managers from those of the company, making effective the transfer of legal ownership of assets in its realisation time, and ensuring the principle of materiality.
Occupations requiring this skill
This section is generated automatically.
Skill demand overview
- Essential in 3 occupations
- Optional in 5 occupations
- Total: 8 occupations
- Most common in: ISCO major group 2 (Professionals)
Essential for
- Accounting managerAccounting managers assume responsibility for all accounting activities relating to financial reporting. They develop and maintain accounting principles and procedures to ensure ti…
- Financial controllerFinancial controllers handle all tasks related to the budgeting and accounting aspects of a company or organisation. They implement and ensure compliance with internal financial an…
- AccountantAccountants review and analyse financial statements, budgets, financial reports, and business plans in order to check for irregularities resulting from error or fraud, and provide …
Optional for
- Financial auditorFinancial auditors collect and examine financial data for clients, organisations and companies. They ensure the financial data is properly maintained and free of material misstatem…
- Financial managerFinancial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, e…
- Financial fraud examinerFinancial fraud examiners undertake anti-fraud investigations including financial statement irregularities, securities fraud and market abuse detection. They manage fraud risk asse…
- BookkeeperBookkeepers record and assemble the day-to-day financial transactions of an organisation or company, consisting usually of sales, purchases, payments and receipts. They ensure all …
- Accounting analystAccounting analysts evaluate the financial statements of clients, usually companies, which include the income sheet, the balance sheet, the statement of cash flows and additional n…
Related skills
- Interpret financial statements
- Financial statements
- Tax legislation
- Financial department processes
- Prepare financial statements
- Accounting department processes
- Advise on financial matters
- Follow the statutory obligations
- National generally accepted accounting principles
- Analyse financial performance of a company
- Check accounting records
- Prepare financial auditing reports
