article thumbnail

Guide to accountant responsibilities

ThomsonReuters

As outlined by Garcia , for CPAs in financial accounting, some of the top responsibilities to clients include: Providing timely and trusted answers Staying on top of emerging regulatory activities Helping clients implement and consistently apply high-quality accounting standards Partnering when clients need help navigating certain situations.

Account 59
article thumbnail

FAQs Business Owners Need to Know About The 3 Essential Financial Reports

inDinero Accounting

According to accounting standards, a financial report presents a company’s assets, liabilities, income, expenses, equity, shareholder position, and cash flow in a period (i.e., a private nonprofit organization called the Finance Accounting Standards Board (FASB) oversees and guides how to prepare financial statements to.