Profession public finance accountant

Public finance accountants head the treasury department of a governmental institution. They manage the institution's financial administration, expenditure and income generation, and compliance with taxation and other financial legislation. They perform administrative duties to ensure record keeping, develop plans for budget management and perform financial forecasts.

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Personality Type

  • Conventional / Enterprising

Knowledge

  • Budgetary principles

    Principles of estimating and planning of forecasts for business activity, compile regular budget and reports.

  • Accounting techniques

    The techniques of recording and summarising business and financial transactions and analysing, verifying, and reporting the results.

  • Tax legislation

    Tax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.

  • Financial forecasting

    The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.

  • Public finance

    The economic influence of the government, and the workings of government revenue and expenditures.

Skills

  • Inspect government incomes

    Inspect the resources available to a national or local government organisation, such as tax incomes, to ensure that the incomes are compliant with the income expectations, that no faults are being made and no suspicious activity is present in the handling of government finances.

  • Monitor financial accounts

    Handle financial administration of your department, keep the costs down to only necessary expenses and maximise the revenues of your organisation.

  • Develop account strategy

    Create the strategic goals and actions for future interaction with an account for the organisation.

  • Conduct financial audits

    Evaluate and monitor the financial health, the operations and financial movements expressed in the financial statements of the company. Revise the financial records to ensure stewardship and governability.

  • Inspect government expenditures

    Inspect the financial procedures of a government organisation which deals with budget and resource allocation and spending to ensure that no faults are being made and no suspicious activity occurs in the handling of financial accounts, and that the expenditures are compliant with financial needs and forecasts.

  • Control financial resources

    Monitor and control budgets and financial resources providing capable stewardship in company management.

  • Create a financial report

    Finalise project accounting. Prepare an actual budget, compare the discrepancy between the planned and actual budget, and draw final conclusions.

Optional knowledge and skills

bookkeeping regulations manage administrative systems manage staff advise on public finance delegate activities debt systems calculate tax manage budgets civil law comply with legal regulations ensure cross-department cooperation manage accounts manage financial risk public law debt classification handle financial transactions