Accounting Analyst Business & Administration Professionals
SaveWhat Does an Accounting Analyst Do?
Accounting analysts evaluate the financial statements of clients, usually companies, which include the income sheet, the balance sheet, the statement of cash flows and additional notes to other financial statements. They interpret and implement new accounting systems and accounting procedures and will analyse and determine if the proposed systems conform to accounting regulations and meet user information requirements.
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International Financial Reporting Standards
The set of accounting standards and rules aimed at companies listed in the stock exchange which are required to publish and disclose their financial statements.
These are common skills for this role, based on a European framework. Requirements vary between jobs, including in the UK. Real-world experience matters more than ticking every box - use this as a guide, not a checklist.
Skills You Need to Become an Accounting Analyst
Essential Skills
Essential Skills
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EssentialInternational Financial Reporting Standards knowledge
The set of accounting standards and rules aimed at companies listed in the stock exchange which are required to publish and disclose their financial statements.
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EssentialFinancial Statements knowledge
The set of financial records disclosing the financial position of a company at the end of a set period or of the accounting year. The financial statements consisting of five …
Recommended Books
2 books -
EssentialAccounting Techniques knowledge
The techniques of recording and summarising business and financial transactions and analysing, verifying, and reporting the results.
Recommended Books
1 book -
EssentialAccounting Department Processes knowledge
The different processes, duties, jargon, role in an organisation, and other specificities of the accounting department within an organisation such as bookkeeping, invoices, recording, and taxing.
No book recommendations available yet.
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EssentialAccounting Entries knowledge
The financial transactions recorded in accounting systems or books of a company together with the metadata linked to the entry such as the date, the amount, the accounts affected, and …
Recommended Books
3 books -
EssentialFinancial Department Processes knowledge
The different processes, duties, jargon, role in an organisation, and other specificities of the financial department within an organisation. Understanding of financial statements, investments, disclosing policies, etc.
No book recommendations available yet.
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EssentialNational Generally Accepted Accounting Principles knowledge
The accounting standard accepted in a region or country specifying the rules and procedures to disclose financial data.
No book recommendations available yet.
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EssentialAnalyse Business Processes skill
Study the contribution of the work processes to the business goals and monitor their efficiency and productivity.
Course recommendations coming soon.
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EssentialAnalyse Financial Performance Of A Company skill
Based on accounts, records, financial statements and external information of the market, analyse the performance of the company in financial matters in order to identify improvement actions that could increase …
Course recommendations coming soon.
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EssentialAnalyse Financial Risk skill
Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.
Course recommendations coming soon.
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EssentialCheck Accounting Records skill
Revise the accounting records of the quarter and year and ensure that the accounting information reflects with accuracy the financial transactions of the company.
Course recommendations coming soon.
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EssentialCreate A Financial Report skill
Finalise project accounting. Prepare an actual budget, compare the discrepancy between the planned and actual budget, and draw final conclusions.
Course recommendations coming soon.
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EssentialInterpret Financial Statements skill
Read, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this information in the …
Course recommendations coming soon.
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EssentialMonitor Financial Accounts skill
Handle financial administration of your department, keep the costs down to only necessary expenses and maximise the revenues of your organisation.
Course recommendations coming soon.
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EssentialDraft Accounting Procedures skill
Lay down standard methods and guidelines to regulate bookkeeping and accounting operations, including determining the bookkeeping system used to record financial transactions.
Course recommendations coming soon.
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EssentialExplain Accounting Records skill
Provide additional explanation and disclosure to staff, vendors, auditors, and to any other instance about the way accounts were recorded and treated in the financial records.
Course recommendations coming soon.
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EssentialSupervise Accounting Operations skill
Coordinate, commission, and monitor operations in accounting departments in order to ensure the accurate record and eventual reporting of the financial operations of the company.
Course recommendations coming soon.
Optional Skills (5 of 19 displayed)
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OptionalStock Market knowledge
The market in which shares of publicly held companies are issued and traded.
Recommended Books
2 books -
OptionalInvestment Analysis knowledge
The methods and tools for analysis of an investment compared to its potential return. Identification and calculation of profitability ratio and financial indicators in relation to associated risks to guide …
No book recommendations available yet.
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OptionalLiquidity Management knowledge
The theory and practices around the management of liquidity in a company with the aim of facilitating meeting obligations with thirds parties without compromising the smooth functioning of the company …
No book recommendations available yet.
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OptionalPublic Offering knowledge
The elements comprised in public offerings of companies in the stock market such as determining the initial public offering (IPO), the type of security, and the timing to launch it …
Recommended Books
1 book -
OptionalAdvise On Financial Matters skill
Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.
Course recommendations coming soon.
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OptionalEvaluate Budgets skill
Read budget plans, analyse the expenditures and incomes planned during certain period, and provide judgement on their abidance to the general plans of the company or organism.
Course recommendations coming soon.
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OptionalFollow The Statutory Obligations skill
Understand, abide by, and apply the statutory obligations of the company in the daily performance of the job.
Course recommendations coming soon.
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OptionalLiaise With Shareholders skill
Communicate and serve as communication point with shareholders in order to provide an overview on their investments, returns, and long-term plans of the company to increase profitability.
Course recommendations coming soon.
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OptionalMake Strategic Business Decisions skill
Analyse business information and consult directors for decision making purposes in a varied array of aspects affecting the prospect, productivity and sustainable operation of a company. Consider the options and …
Course recommendations coming soon.
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OptionalManage Accounts skill
Manage the accounts and financial activities of an organisation, supervising that all the documents are correctly maintained, that all the information and calculations are correct, and that proper decisions are …
Course recommendations coming soon.
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OptionalPerform Stock Valuation skill
Analyse, calculate and appraise the value of the stock of a company. Use mathematic and logarithm in order to determine the value in consideration of different variables.
Course recommendations coming soon.
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OptionalPrepare Financial Statements skill
Collect, entry, and prepare the set of financial records disclosing the financial position of a company at the end of a certain period or accounting year. The financial statements consisting …
Course recommendations coming soon.
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OptionalProvide Cost Benefit Analysis Reports skill
Prepare, compile and communicate reports with broken down cost analysis on the proposal and budget plans of the company. Analyse the financial or social costs and benefits of a project …
Course recommendations coming soon.
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OptionalReview Investment Portfolios skill
Meet with clients to review or update an investment portfolio and provide financial advice on investments.
Course recommendations coming soon.
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OptionalEnsure Compliance With Accounting Conventions skill
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, …
Course recommendations coming soon.
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OptionalEnsure Compliance With Disclosure Criteria Of Accounting Information skill
Revise the accounting information of the company to make sure it meets the commonly agreed criteria for its disclosure such as understandability, relevance, consistency, comparability, reliability, and objectivity.
Course recommendations coming soon.
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OptionalForecast Account Metrics skill
Make predictions on the movement of account measurements and data which give insight into an organisation's financial state in order to aid analyses and evaluate potential risks.
Course recommendations coming soon.
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OptionalIdenfify If A Company Is A Going Concern skill
Analyse financial statements, financial information and the outlook of the company in order to determine the going concern of the company.
Course recommendations coming soon.
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OptionalPerform Forensic Accounting skill
Perform audits and evaluations of financial information, accounts, financial products, and stewardship of companies. Exert financial investigations with different emphasis such as insurance claims, fraud, and anti-money laundering.
Course recommendations coming soon.