Accountant Skills & Competencies

Manager's Guide: Accountant

The Manager's Guide to the Accountant Role

This Manager's Guide includes:

  • The complete set of 23 Competencies expected from the role
  • 106 Interview questions for determining a candidate's skill level in each of 23 Competencies
  • 106 Coaching tips for helping incumbent to advance their skills in each of the 23 Competencies
  • 103 Development goals to help measure incumbents' progress in each of the 23 Competencies
  • 236 Recommended resources for progressing education in each of the 23 Competencies

Roles and Responsibilites

The primary responsibility of the Accountant is accounting, budget planning and control, cash management, treasury, and tax handling functions.

The Accountant provides timely and accurate financial record keeping and reporting as directed by management.

A typical job description for the Accountant role may include:

  • Prepares balance sheets, profit and loss statements, and other financial reports.
  • Responsibilities also include analyzing trends, costs, revenues, financial commitments, and obligations incurred to predict future revenues and expenses.
  • Reports organization's finances to management, and offers suggestions about resource utilization, tax strategies, and assumptions underlying budget forecasts.
  • May require a bachelor's degree in area of specialty and 2-4 years of experience in the field or in a related area.
  • Familiar with standard concepts, practices, and procedures within a particular field.
  • Relies on experience and judgment to plan and accomplish goals.
  • Performs a variety of tasks.
  • Works under general supervision.
  • A certain degree of creativity and latitude is required.
  • Typically reports to a supervisor or manager.

Organizational Role

The Accountant typically serves as member of team leadership and is considered a technical professional within the organization. As such, the Accountant provides difficult technical tasks. The organization will depend on this person's implementation experience. The Accountant generally is responsible for self-sufficiency. As such, the Accountant provides small project responsibility. The organization will depend on this person's technical supervision.

Accountant Job Responsibilities

The Accountant generally has the following responsibilities:

  • Maintains financial records in accordance with GAAP and organizational standards.
  • Creates reports on financial performance for internal and external use.
  • Performs balance sheet and P&L reconciliations.
  • Creates and utilizes automated tools for the updating, analyzing and reporting of consolidated financial results.

Accountant Competencies

The complete Accountant Manager's Guide includes the 23 key competencies expected of Accountant. The report defines each Competency in detail. The report also explains what level of proficiency Accountant should have in that Competency, as well as how important that Competency is to performing the role well.

Among the 23 Competencies for Accountant is...

Accounting

You may observe several behaviors in a person that could be strong indicators of his or her capabilities in the Accounting competency. The Accountant is expected to demonstrate Working experience in the Accounting competency. To demonstrate Working experience in the Accounting competency, one should demonstrate knowledge of and the ability to use the methods, processes, and tools for maintaining and preparing financial statements and reports.

  • Works with financial transactions and related documentation within the organization.
  • Maintains existing charts of accounts.
  • Participates in accounting practices of classifying and recording financial data.
  • Utilizes cost monitoring practices, techniques and considerations.
  • Follows regulations for entering and reporting the financial content in major accounting systems.

Finance and Accounting Skills & Competencies

Available Manager's Guides for Finance and Accounting Roles