The effect of market relations in all spheres of the national economy has given rise to a host of problems related to the conditions of the transition period.
The main part of the public sector enterprises are privatized, small and medium-sized businesses have appeared, joint-stock companies, however, accounting and reporting is far behind the market transformations. Under these conditions, the main role in making management decisions belongs to the accountant, as the accountant must comprehensively study the problem, analyze, determine the degree of risk, calculate the upcoming profit or loss, prepare solutions to the problem and submit to management for making optimal decisions.
In connection with the transition to international accounting standards, namely the European version, which is mainly aimed at the development of small and medium-sized businesses, the prestige of the accountant profession increases. This accountant should not only be an accountant, he should have knowledge of legislation, financial management, foreign languages and computer technology.
To enter into contracts with partners for the supply of goods and the performance of work (services), it is necessary to have information on the availability of funds in bank accounts and on forthcoming cash inflows, as well as solvency to repay debts on taxes and creditors’ debts. The objectivity of the presentation of this information, first of all, depends on the accountant(regnskapsfører kristiansand).
In deciding whether to receive a loan from a bank or to attract investments, significant work is needed to determine whether it is necessary to get a loan or to attract investments, upfront costs for the upcoming periods (business plan) and payback periods, as well as the degree of risk of operations. In this case, a special role belongs to the accountant(xledger).
Accounting generated an interesting, creative, prestigious and well-paid profession. Representatives of this profession can specialize in the following areas:
proper financial accounting and reporting within one business unit;
auditing and consulting activities;
independent accounting activities;