Professional Documents
Culture Documents
com/gh
September 2013
Content
The Professional Accountant Nation Building Traditional role of Professional Accountants Emerging role of professional Accountants
PwC
The Professional: Who is he/she A person who has been educated and trained to high standards in a particular line of work Who holds a reputable qualification in respect of that line of work Who is motivated to provide a high standard of client service Who is answerable to the body which has issued his qualification for the quality of his work
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Accountant
Possesses the requisite skill and experience: In establishing and maintaining accurate financial records for an individual or a business Including designing and controlling systems of records, auditing books, and preparing financial statements. An accountant may give tax advice and prepare tax returns.
PwC
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Nation Building
Refers to: the process of constructing or structuring a national identity using the power of the state. The process aims at the unification of the people within the state so that it remains politically stable and viable in the long run. Nation-building can involve the use of propaganda or major infrastructure development to foster social harmony and economic growth.
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PwC
Business and tax advice, including planning Preparation and audit of annual accounts Preparation of personal and business tax returns The setting up of bookkeeping and business systems Providing bookkeeping services Payroll work Assistance with management accounting Helping with raising finance Advice on budgeting and cash flow
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Establishing a common performance language 'throughout the organization so that everyones activities are aligned with the vision and goals of leadership
Upholding business integrity
Creating, implementing and improving management information systems to bolster strategy, planning, decisionmaking, execution and controls activities
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Emerging role of accountants (Contd) Managing risk and handling business assurance
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1. Professional Accountants in Business 2. Professional Accountants in Government 3. Professional Accountants in Public Practice All have a critical role in nation building, because we hold a fiduciary position
PwC
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Business Strategy
CFO
Information Strategy
Advisors
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we have a duty of care in ensuring; accounting framework used in preparing financial information is acceptable greater transparency in reporting to stakeholders and investors improved corporate governance financial reporting meet all compliance requirements as set by the regulatory bodies. In doing so we protect the interest of all stakeholders of the organisation and by so doing develop our nation
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Conclusion
Accountants can see the trend of how the organization is doing and can warn against.
David Li, Chairman and CEO of the Bank of East Asia How can you run a business if you do not really know how it is doing? The way you contribute is by being flexible and thinking strategically and stepping our of the box of accounting. Bob Henn, Global Reporting and Analysis Leader, GE Kansas City
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