What does an accountant do and why is it so important?

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  • เผยแพร่เมื่อ 21 ส.ค. 2024
  • What is accounting? And, why is it important? Accountants compile, analyze, and explain data that's ultimately used to make critical business decisions. So when the boardroom heats up, the accountant gets to work by asking the right people the right questions and delivering keen insight when it's needed most!

ความคิดเห็น • 125

  • @chinabee23
    @chinabee23 ปีที่แล้ว +78

    i’ll graduate in May 2023 with an associates in finance and accounting. i cannot wait to get into this field of work! it has been my dream for the longest!!!! i’m so eager to learn new tactics and information on how to become a better accountant from other accountants i meet in the future. LET’S GOOOO!!! 🥳🥳🥳 c/o 2023

    • @controlafghane6303
      @controlafghane6303 ปีที่แล้ว +3

      its may 2023 so congratulations!!

    • @user-qb8yr4vb4u
      @user-qb8yr4vb4u ปีที่แล้ว +2

      How its going with your career

    • @peliwendy509
      @peliwendy509 11 หลายเดือนก่อน +2

      Heyy, how are you so far?
      Congratulations 🎉

    • @senseisenjew1137
      @senseisenjew1137 4 หลายเดือนก่อน

      Update?

    • @sentientsockmonster499
      @sentientsockmonster499 3 หลายเดือนก่อน +2

      I've never seen someone so excited to count money 😅

  • @bhoopathil1682
    @bhoopathil1682 8 หลายเดือนก่อน +21

    Being a chartered accounting aspirant, I would say Accounting is not easy at all until you understand its practical approach

    • @porshealewis158
      @porshealewis158 4 หลายเดือนก่อน

      Objectives are open and achievable if actions are taken

  • @tejavydellea9004
    @tejavydellea9004 2 ปีที่แล้ว +56

    The reason i am watching this video is because the man character in my story is a financial manager, and this video helps so much that I can actually focus on how he does his work and why it's awesome. Thank you for the video!

    • @martina.444
      @martina.444 2 ปีที่แล้ว +4

      So cool!

    • @manafal-balushi3298
      @manafal-balushi3298 ปีที่แล้ว +4

      WOAH THATS SO AWESOME, lol its interesting to see writers actually research to build their characters

    • @alejandromatos8570
      @alejandromatos8570 ปีที่แล้ว +4

      Nice

  • @deolin2110
    @deolin2110 3 ปีที่แล้ว +35

    My long term goal is to become an accountant 👌 👑

  • @theboombody
    @theboombody 3 ปีที่แล้ว +36

    Estimation is one of the most valuable skills there is. I can say that for sure.

    • @porshealewis158
      @porshealewis158 4 หลายเดือนก่อน

      Spaced repetition is a thing

    • @porshealewis158
      @porshealewis158 4 หลายเดือนก่อน

      Things are composites of component parts

  • @user-sq2ug5jk5s
    @user-sq2ug5jk5s ปีที่แล้ว +17

    I’m literally studying an accounting degree 😫 & I still feel unsure but I’m in my final year and definitely not turning back

    • @srijanagiri4415
      @srijanagiri4415 9 หลายเดือนก่อน +1

      Would u like to teach me I am interested in this field I will pay for that ❤

  • @nikopriest6762
    @nikopriest6762 2 ปีที่แล้ว +24

    The hardest part of accounting is the work load, the actual accounting is easy.. but when you work for a company like Walmart or Target that sells 100+ products, has 20+ vendors and every other week is a sale.. AND a not so productive team, it gets ugly lol

    • @KRMukundan
      @KRMukundan 7 วันที่ผ่านมา

      Yes accounting by itself is easy but its a lot of work

  • @thatsdaniellelol
    @thatsdaniellelol 4 ปีที่แล้ว +118

    That was very succinct to the point. Way more research to do but Thank You so much for this video!

    • @onemorething9911
      @onemorething9911 4 ปีที่แล้ว +6

      It’s a great vid for someone who knows nothing about the subject, like me 😁

  • @floatyjam
    @floatyjam 3 ปีที่แล้ว +45

    For those who think Accounting is ugly, every career is ugly

  • @khannamialos6727
    @khannamialos6727 3 ปีที่แล้ว +24

    That is just a part of accounting field. There’s a lot of careers u could choose from for being an accountant but first u have a attain a certification to advance ur competitors like CPA certification or if u want to work in finance u can choose CFA or both.

  • @OS1540
    @OS1540 10 หลายเดือนก่อน +3

    Usually management consultants are the ones who help businesses analyze the market before deciding to launch a new product. The finance people do the forecasting and analyze the time it takes to recoup the investment. And accountants really just look at historical financials after the fact.

  • @AdelitaWilliam-dl7ci
    @AdelitaWilliam-dl7ci ปีที่แล้ว +9

    This is a fantastic video. It's clear and easy to understand your explanations. Thank you for providing this information.

  • @martinadamtong7876
    @martinadamtong7876 7 หลายเดือนก่อน +1

    Accountants are important for the help in the analysis of an organization or companies in business marketing to ensure the organisation/ companies achieve goals of establishments.

  • @creatorcuesinc
    @creatorcuesinc 2 ปีที่แล้ว +7

    So go to my accountant when I’m ready to start another venture. Thankd

  • @KRMukundan
    @KRMukundan 7 วันที่ผ่านมา +1

    Im going to be a Chartered accountant when I grow up

  • @nuiben7579
    @nuiben7579 2 ปีที่แล้ว +24

    This video does not accurately reflect what Accountants do. Accountants are hired to deal with convoluted rules and to do the record keeping for people. Its not glamorous and we could not tell you whether or not you should sell markers until you've sold them for at least 5 years and demonstrated profitability or a trend toward it.

    • @TheMicnpark
      @TheMicnpark 2 ปีที่แล้ว +3

      And most accountants do not forecast st all. There are controllers, CFOs etc

    • @AntonnyTan
      @AntonnyTan 2 ปีที่แล้ว +6

      What shown in this video is CFO field. Majority of accountants just doing record.

    • @karimjalali7970
      @karimjalali7970 ปีที่แล้ว +1

      So who makes the predicitions finance majors? I don't think so as they evolve around the question on how to finance the company not necessiraly it's financial health like accountants. Also from what I hear from a lot of billlionnaires is that they wish they studied accounting because it really the "engineering of business". Also most CFO comes from accounting background. Also, CPAS tend to have serious knowledge on corporate law and fiscality, wich make them able to make very strategic financial decisions for the company.

    • @nuiben7579
      @nuiben7579 ปีที่แล้ว

      @@karimjalali7970 Your first mistake was trusting that a billionaire was telling you the truth. Go ahead and waste 5 years studying accounting, get your CPA and find out whether or not the field is just a soul crushing grind where only the least ethical and cutthroat survive.

    • @scholarlyanalyst7700
      @scholarlyanalyst7700 ปีที่แล้ว

      @@karimjalali7970 What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?

  • @crtiihannining
    @crtiihannining 3 ปีที่แล้ว +173

    I can't even handle math problems💀

    • @maddie9095
      @maddie9095 2 ปีที่แล้ว +47

      i mean you do everything with a calculator sooo...

    • @julianricch3157
      @julianricch3157 2 ปีที่แล้ว

      @@maddie9095 oh sugar frr?

    • @miyegiri8830
      @miyegiri8830 2 ปีที่แล้ว +45

      in fact, accounting only contains basic math such as addition, subtraction, and division (multiplying often involved in percentages) and yeah, it’s easier since we have calculators!
      Being good at making and organizing spreadsheets is another fundamental skill when you’re an accountant, and you also need to have knowledge about statistics and constructing presentations~

    • @TheMicnpark
      @TheMicnpark 2 ปีที่แล้ว +6

      Accounting has no math. Basic math doesnt count.

    • @truthsetusfree4856
      @truthsetusfree4856 ปีที่แล้ว +5

      Math doesn't need in accounting, it requires your deep genuine analyzation of the financial transactions

  • @JustYourAverageToes
    @JustYourAverageToes 3 ปีที่แล้ว +16

    This actually sounds pretty fun

  • @Karen___8j9z
    @Karen___8j9z หลายเดือนก่อน

    Stay ahead of the game with an exclusive interview featuring Binance’s CEO on future developments

  • @rosesinmyhead
    @rosesinmyhead 3 ปีที่แล้ว +35

    i thought accounting is just typing tho

    • @tyc9909
      @tyc9909 2 ปีที่แล้ว +5

      💀

  • @CristianGomez-x1g
    @CristianGomez-x1g ปีที่แล้ว +4

    Do you pay the accountant

  • @NeilCWCampbell
    @NeilCWCampbell ปีที่แล้ว +1

    Finding placement pretty hard though

  • @tyronejackson7334
    @tyronejackson7334 4 ปีที่แล้ว +232

    Let me guess you need a college degree 😂

    • @Ammarx1
      @Ammarx1 4 ปีที่แล้ว +26

      you actually don't! but it's recommended.

    • @samariemartinezserrano7478
      @samariemartinezserrano7478 3 ปีที่แล้ว +19

      I’m my company’s accountant and I don’t have a degree. But it did take me a year to get this position.

    • @samariemartinezserrano7478
      @samariemartinezserrano7478 3 ปีที่แล้ว +2

      I’m my company’s accountant and I don’t have a degree. But it did take me a year to get this position.

    • @iye3197
      @iye3197 2 ปีที่แล้ว

      Yea

    • @aaliyahrose9098
      @aaliyahrose9098 2 ปีที่แล้ว +1

      Not needed but it’s desired you can do courses and still be an accountant x

  • @aimattant
    @aimattant ปีที่แล้ว +1

    Who's an accountant here or in learning?

  • @Thezampanini
    @Thezampanini หลายเดือนก่อน

    It’s hysterical that this video is saying an accountant makes the decision on long term company trajectory.
    The accountant reports to the controller/comptroller. The controller reports to the CFO. The CFO makes the decision after providing his teams prepared reports and consulting with the CEO.
    As an accountant, you sit at a desk all day crunching and reporting numbers. They are low man on the totem pole for large corporate initiatives.

  • @nunezmaria2043
    @nunezmaria2043 7 หลายเดือนก่อน

    Well i am waning to study accounting

  • @upalwills1814
    @upalwills1814 2 ปีที่แล้ว +3

    so nice
    and so telented
    good job
    fine

  • @Donna__3biz
    @Donna__3biz หลายเดือนก่อน

    Refunding cash: steps and instructions

  • @el-mostafaZarbia
    @el-mostafaZarbia 24 วันที่ผ่านมา

    Great ❤

  • @kehindeanimshaun6100
    @kehindeanimshaun6100 7 หลายเดือนก่อน

    Im good at skilled at math so ima do it im already in advanced math anyway🤷‍♀️

  • @cat.5389
    @cat.5389 ปีที่แล้ว +5

    very cool this video is so educational i learnt more abt being an accountant and realized that this should be the path i shall take. this video has motivated me to be an accountant. thanks!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    jkjk accounting sucks imagine accounting😂🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

    • @cat.5389
      @cat.5389 ปีที่แล้ว +1

      haha this guy so funny he can be a comedian

    • @cat.5389
      @cat.5389 ปีที่แล้ว

      no way i will never be a comedian you ballsack

    • @cat.5389
      @cat.5389 ปีที่แล้ว

      yes

    • @cat.5389
      @cat.5389 ปีที่แล้ว

      'yes'

    • @cat.5389
      @cat.5389 ปีที่แล้ว

      what about it

  • @user-yp8sd4gb6i
    @user-yp8sd4gb6i 3 หลายเดือนก่อน

    Thank you from iraq flower

  • @scottsmyth1862
    @scottsmyth1862 2 ปีที่แล้ว +1

    great vid than ks

  • @GhwalvaAli
    @GhwalvaAli 6 หลายเดือนก่อน

  • @nhungnguyen-pi9lf
    @nhungnguyen-pi9lf 2 ปีที่แล้ว +1

    Hay quá

  • @kentheengineer592
    @kentheengineer592 7 หลายเดือนก่อน +1

    Go Forth & Conquer 💀

  • @thespinabifidaworkoutqueen
    @thespinabifidaworkoutqueen 4 ปีที่แล้ว +4

    💯

  • @larissagonzales6075
    @larissagonzales6075 3 ปีที่แล้ว +25

    Why does the accountant have to look nerdy lol

    • @aimattant
      @aimattant ปีที่แล้ว

      Cause' by corporate law they must wear and behave like that or else... As well when they become priavte accountants - it hust becomes a habit. Why I did not want to be part of the corporate world just go digital nomad straight away.

    • @doctormudbone4432
      @doctormudbone4432 10 หลายเดือนก่อน

      Just get jacked in the gym and if you can afford it get your business clothes tailored and you’ll look classy instead of nerdy

  • @marilynturner-mitchell6540
    @marilynturner-mitchell6540 หลายเดือนก่อน

    Shamar equipment

  • @izzychibwana7803
    @izzychibwana7803 11 หลายเดือนก่อน

    Lo

  • @zoemeow7677
    @zoemeow7677 ปีที่แล้ว +1

    Is to making sound investments in business production woohoo im smart 💖💖💖👩‍🦳🧠✨🥛🥛🥛🐄🌸✨🧘🏼‍♀️✨✨✨✨

  • @saucemaster5218
    @saucemaster5218 ปีที่แล้ว +2

    I cant believe i picked the most cartoonishly boring job

  • @juker59
    @juker59 4 ปีที่แล้ว +5

    I need somone to tell when i am make a profit doesnt that just take 2 seconds how the hell is this a job anyone could find out the market

    • @bobbertonsmivelton7019
      @bobbertonsmivelton7019 3 ปีที่แล้ว +3

      How dumb are you?

    • @juker59
      @juker59 3 ปีที่แล้ว

      @@bobbertonsmivelton7019 wow teach me smarty

    • @bobbertonsmivelton7019
      @bobbertonsmivelton7019 3 ปีที่แล้ว +8

      @@juker59 This is a simple video about accounting your brain shouldn't be this tiny

    • @idrk1507
      @idrk1507 2 ปีที่แล้ว

      🤦🏻‍♀️

    • @lizethnavarrete2017
      @lizethnavarrete2017 ปีที่แล้ว

      You’re kind of stupid

  • @TheMicnpark
    @TheMicnpark 2 ปีที่แล้ว +1

    CFO and controllers be like 🤡

  • @kyleresnick842
    @kyleresnick842 4 ปีที่แล้ว +17

    This is extremely false

    • @uchiha5531
      @uchiha5531 4 ปีที่แล้ว +2

      Kyle Resnick management accounting

    • @AHMD_a1
      @AHMD_a1 3 ปีที่แล้ว +7

      Yes accounting is backward no forward, this is finance not accounting

    • @JT-pt5tl
      @JT-pt5tl 3 ปีที่แล้ว +3

      @@AHMD_a1 accounting is financing

    • @chaschas226
      @chaschas226 2 ปีที่แล้ว

      @@JT-pt5tl then, what does finance management do if there's an accountant??

    • @TheMicnpark
      @TheMicnpark 2 ปีที่แล้ว

      @@JT-pt5tl its not lol

  • @lannguyenthi2423
    @lannguyenthi2423 ปีที่แล้ว +1

    Hay quá