Business Accountant

By Author: aliah michael
Total Articles: 2
Comment this article

The word business means “a group of people engaged in the trade of goods and services” whereas the word Accountant means a person who is a specialized in accountancy. The term business accountant is important in the procedure of communicating the worth of products, goods and services. This in simple language can be called as marketing. If a firm is working on any business related to the sales and marketing then it is necessary to have business accountants in the firm as they serve the firm by maintaining and submitting the records when required, they also verify and make the records on financial contemplation which is important for business individuals and firms. Doing a business on a small scale also requires business accountants because of their expertness in accountancy which help the firm throughout the year.

Considering the Australian market in a broader sense to understand this concept will help to analyze different things in this regard. When it comes to marketing, Australia has always remained so prominent. The markets, trade, exchange, import and export all has a great influence on the country’s economy. ...
... This is the reason that Australian market has always opened its doors for several other countries.ASX (Australian Security Exchange) has played a key role for the country’s primary and secondary market. This means that the business firms in Australia have always considered its accountants as they are responsible for the reports, verification and taxation of the companies. ASX is a screen based trading system which was introduced in Australia in the year 1997. It introduced an order driving market where the traders submit their fixed orders price on the screen. This system of ASX is become very common and all the trade and marketing in Australia is done via this system. All the firms and organizations that are engaged in some sort of business operate and use this system by the Designated Trading Representative which is called as DTR in short.

The success of Australian market is its direct approach to the exact and appropriate information on time which is achieved by the respective business accountants of the forms and organizations. The ASX helps the firms in providing the objective and information regarding the financial market whereas the business accountants work for its verification and reports. They concoct the financial information regarding the firm in the form of a book, reports, ledgers or statements. This is done for the determination of tax, financial information which is required by the shareholders and firm managers. This profession is necessary to have for the purpose of trade and business as it provides correct information and quantity of tax that has to pay, helps to solve the business problems, assigning the assets and making correct decisions.

To find out more information about Business Accountant, Chartered Accountant and Small Business Accounting visit www.countpluslr.com.au