JOB DESCRIPTION AND RESPONSIBILITY
KEY RESULT AREA(KRA) & KEY PERFORMANCE INDICATOR(KPI)

accounting sector

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Introduction

An Accountant helps businesses make critical financial decisions by collecting, tracking, and correcting the company’s finances. They are responsible for financial audits, reconciling bank statements, and ensuring financial records are accurate throughout the year. Post this job for free.

Soft Skill, Technical Skills and Certification:

Soft Skills

Technical Skills and Certification

  • Advanced Excel 
  • Tally  Prime 
  • MS Office Suite
  • Financial Accounting
  • Accouting and Taxation Mastery
  • GST Compliance and Return Filling
  • Certified Public Accountant (CPA)
  • Certified Financial Analyst (CFA)
  • Certified Fraud Examiner (CFE)
  • Certified Internal Auditor (CIA)
  • Certified Management Accountant (CMA)
  • Chartered Global Management Accountant (CGMA)

Job description

An Accountant may work in many fields as accounting is required for all businesses, big and small, and is responsible for helping their companies In some fields, Accountant s are also known as account handlers and sometimes also act as intermediaries between other departments within an organization to ensure the success of their clients.

Key Result Areas(KRA)
Key Performance Indicator(KPI)

Sr. No

KRA

KPI

1

How many accounting transactions performed in a month

No. of accounting transactions performed in a month

2

How many budget forecasts in a month

No. of budget forecasts in a month

3

How many financial statements generaeted in a month

No. of financial statements generated in a month

4

How many monthly, quarterly and annual closings

No. of monthly, quarterly and annual closings

5

How many reconciliations of accounts payable and receivable are done in a month

No. of Reconciliations of accounts payable and receivable done in a month

6

How many timely bank payments

No. of timely bank payments

7

How many tax computations and prepare tax returns done in a month

No. of tax computations and prepare tax returns in a month

8

How many balance sheets and profit/loss statements

No. of balance sheets and profit/loss statements

9

How many monthly reports on the company’s financial health and liquidity been generated and reviewed

No. of monthly reports on the company’s financial health and liquidity been generated and reviewed

10

How many monthly audits, financial transactions and documents done

No. of monthly audits, financial transactions and documents done

11

How much confidential financial data was reviewed and conducted database backups done in a month

No. of confidential financial data reviewed and conducted database backups done in a month

12

How many financial policies and regulations have been reviewed and completed in a month

No. of financial policies and regulations reviewed and completed in a month

Example of KRA VS KPI Mapped in Organisation and Reporting

Sr. No

Reporting by the employee

Reporting by the employee



1

How many accounting transactions performed in a month

Accounting transactions -15

2

How many budget forecasts in a month

Budget forecasts – 2

3

How many financial statements generated in a month

Financial statements Genrated for the Month- 1

4

How many monthly, quarterly and annual closings

Monthly, quarterly and annual closings report -1

5

How many reconciliations of accounts payable and receivable are done in a month

Reconcilation of accounts payable and receivable report -2

6

How many timely bank payments

Timely bank payments executed in a month – 25

7

How many tax computations and prepare tax returns done in a month

Tax computatation – 1 , Tax returns -5

8

How many balance sheets and profit/loss statements

Balance sheets and profit/loss statements – 2

9

How many monthly reports on the company’s financial health and liquidity been generated and reviewed

Monthly company’s financial health and liquidity – 1

10

How many monthly audits, financial transactions and documents done

Monthly Audits – 3 , Financial transactions – 2

11

How much confidential financial data was reviewed and conducted database backups done in a month

Review of confidential financial data – 2 , Database backups – 1

12

How many financial policies and regulations have been reviewed and completed in a month

Financial policies and regulations review report – 1

An Accountant job is mostly a desk job that needs good skills in accounting, maths, and communicating with their clients. Many accountants and auditors work for public accounting firms, and the work can be demanding. Some accountants and auditors also work for the federal government or for state and local governments.

Salary

The Average Accountant Salary in India is somewhere around 4.2 Lakhs per year. However, the actual figure you get may vary from Organisation to organization due to many reasons.

Conclusion

The Accountant work often relies on stress and tight deadlines while also dealing with multitasking. However, most organizations rely on Accountants to bankroll the salaries of other members of the organization. It is a very responsible job position and hence is a very lucrative job. The Industry is also growing and there are a lot of new job opportunities for Freshers and Experienced people alike.

To get a Detailed Overview of the Accounting Sector, Click Here. 

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