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

  Рет қаралды 291,498

UNC Kenan-Flagler Business School

UNC Kenan-Flagler Business School

Күн бұрын

Пікірлер: 140
@chinabee23
@chinabee23 2 жыл бұрын
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 Жыл бұрын
its may 2023 so congratulations!!
@user-qb8yr4vb4u
@user-qb8yr4vb4u Жыл бұрын
How its going with your career
@peliwendy509
@peliwendy509 Жыл бұрын
Heyy, how are you so far? Congratulations 🎉
@senseisenjew1137
@senseisenjew1137 7 ай бұрын
Update?
@sentientsockmonster499
@sentientsockmonster499 7 ай бұрын
I've never seen someone so excited to count money 😅
@tejavydellea9004
@tejavydellea9004 3 жыл бұрын
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!
@manafal-balushi3298
@manafal-balushi3298 Жыл бұрын
WOAH THATS SO AWESOME, lol its interesting to see writers actually research to build their characters
@alejandromatos8570
@alejandromatos8570 Жыл бұрын
Nice
@bhoopathil1682
@bhoopathil1682 Жыл бұрын
Being a chartered accounting aspirant, I would say Accounting is not easy at all until you understand its practical approach
@porshealewis158
@porshealewis158 8 ай бұрын
Objectives are open and achievable if actions are taken
@floatyjam
@floatyjam 3 жыл бұрын
For those who think Accounting is ugly, every career is ugly
@theboombody
@theboombody 3 жыл бұрын
Estimation is one of the most valuable skills there is. I can say that for sure.
@porshealewis158
@porshealewis158 8 ай бұрын
Spaced repetition is a thing
@porshealewis158
@porshealewis158 8 ай бұрын
Things are composites of component parts
@khannamialos6727
@khannamialos6727 3 жыл бұрын
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.
@100k-f7l
@100k-f7l Жыл бұрын
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 Жыл бұрын
Would u like to teach me I am interested in this field I will pay for that ❤
@IbrahimSesay-d6m
@IbrahimSesay-d6m Ай бұрын
@@srijanagiri4415 whaaaat
@thatsdaniellelol
@thatsdaniellelol 4 жыл бұрын
That was very succinct to the point. Way more research to do but Thank You so much for this video!
@onemorething9911
@onemorething9911 4 жыл бұрын
It’s a great vid for someone who knows nothing about the subject, like me 😁
@nikopriest6762
@nikopriest6762 2 жыл бұрын
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 4 ай бұрын
Yes accounting by itself is easy but its a lot of work
@moustafaalbatran5304
@moustafaalbatran5304 2 ай бұрын
does it deal with interest when recording transaction?
@OS1540
@OS1540 Жыл бұрын
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 Жыл бұрын
This is a fantastic video. It's clear and easy to understand your explanations. Thank you for providing this information.
@evanhaney5884
@evanhaney5884 3 ай бұрын
It’s a terrible video and completely inaccurate in describing what finance/consulting does re: fact gathering/modeling/guiding decision making
@deolin2110
@deolin2110 3 жыл бұрын
My long term goal is to become an accountant 👌 👑
@widget9391
@widget9391 16 күн бұрын
How's that going?
@TarishNaidoo
@TarishNaidoo 16 күн бұрын
​@@widget9391 Damn Bro everythings just changed i finished school 5 days ago
@widget9391
@widget9391 16 күн бұрын
@@TarishNaidoo congratulations, best of luck with your future career, I have an accounting basics exam tomorrow
@TarishNaidoo
@TarishNaidoo 16 күн бұрын
@@widget9391 Thanks bro , Goodluck for your exam !
@GhostTheCreator
@GhostTheCreator 3 күн бұрын
​@@widget9391How is it bro? Accountancy is my second option for college xD
@creatorcuesinc
@creatorcuesinc 2 жыл бұрын
So go to my accountant when I’m ready to start another venture. Thankd
@Thezampanini
@Thezampanini 5 ай бұрын
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.
@evanhaney5884
@evanhaney5884 3 ай бұрын
Completely agree. Also the finance team would define the scope, gather info, model the financials, and report their findings to leadership to support decision making
@KRMukundan
@KRMukundan 4 ай бұрын
Im going to be a Chartered accountant when I grow up
@crtiihannining
@crtiihannining 3 жыл бұрын
I can't even handle math problems💀
@maddie9095
@maddie9095 2 жыл бұрын
i mean you do everything with a calculator sooo...
@julianricch3157
@julianricch3157 2 жыл бұрын
@@maddie9095 oh sugar frr?
@miyegiri8830
@miyegiri8830 2 жыл бұрын
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 жыл бұрын
Accounting has no math. Basic math doesnt count.
@truthsetusfree4856
@truthsetusfree4856 Жыл бұрын
Math doesn't need in accounting, it requires your deep genuine analyzation of the financial transactions
@nuiben7579
@nuiben7579 2 жыл бұрын
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 жыл бұрын
And most accountants do not forecast st all. There are controllers, CFOs etc
@AntonnyTan
@AntonnyTan 2 жыл бұрын
What shown in this video is CFO field. Majority of accountants just doing record.
@karimjalali7970
@karimjalali7970 2 жыл бұрын
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 2 жыл бұрын
@@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 Жыл бұрын
@@karimjalali7970 What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
@heathers.9740
@heathers.9740 2 ай бұрын
Be careful tho. Being a company accountant can also make you HR and assistant manager at the same time if the boss sees he can cut costs by hiring one person to do 20 jobs
@tyronejackson7334
@tyronejackson7334 4 жыл бұрын
Let me guess you need a college degree 😂
@Ammarx1
@Ammarx1 4 жыл бұрын
you actually don't! but it's recommended.
@samariemartinezserrano7478
@samariemartinezserrano7478 3 жыл бұрын
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 жыл бұрын
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 3 жыл бұрын
Yea
@aaliyahrose9098
@aaliyahrose9098 2 жыл бұрын
Not needed but it’s desired you can do courses and still be an accountant x
@NoobPlaysTY1
@NoobPlaysTY1 2 ай бұрын
Me Before Knowing What Accountant's Job: "I WANNA BE A ACCOUNTANT" Me After: "Nvm"
@NeilCWCampbell
@NeilCWCampbell Жыл бұрын
Finding placement pretty hard though
@rosesinmyhead
@rosesinmyhead 3 жыл бұрын
i thought accounting is just typing tho
@Tyc9909
@Tyc9909 2 жыл бұрын
💀
@CristianGomez-x1g
@CristianGomez-x1g 2 жыл бұрын
Do you pay the accountant
@aimattant
@aimattant Жыл бұрын
Who's an accountant here or in learning?
@martinadamtong7876
@martinadamtong7876 10 ай бұрын
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.
@upalwills1814
@upalwills1814 3 жыл бұрын
so nice and so telented good job fine
@Karen___8j9z
@Karen___8j9z 5 ай бұрын
Stay ahead of the game with an exclusive interview featuring Binance’s CEO on future developments
@kehindeanimshaun6100
@kehindeanimshaun6100 11 ай бұрын
Im good at skilled at math so ima do it im already in advanced math anyway🤷‍♀️
@cat.5389
@cat.5389 2 жыл бұрын
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 2 жыл бұрын
haha this guy so funny he can be a comedian
@cat.5389
@cat.5389 2 жыл бұрын
no way i will never be a comedian you ballsack
@cat.5389
@cat.5389 2 жыл бұрын
yes
@cat.5389
@cat.5389 2 жыл бұрын
'yes'
@cat.5389
@cat.5389 2 жыл бұрын
what about it
@nunezmaria2043
@nunezmaria2043 11 ай бұрын
Well i am waning to study accounting
@el-mostafaZarbia
@el-mostafaZarbia 4 ай бұрын
Great ❤
@zoemeow7677
@zoemeow7677 Жыл бұрын
Is to making sound investments in business production woohoo im smart 💖💖💖👩‍🦳🧠✨🥛🥛🥛🐄🌸✨🧘🏼‍♀️✨✨✨✨
@حسينالطيار-ي9ط
@حسينالطيار-ي9ط 7 ай бұрын
Thank you from iraq flower
@Donna__3biz
@Donna__3biz 5 ай бұрын
Refunding cash: steps and instructions
@Ronaldo07776e
@Ronaldo07776e 2 ай бұрын
Buddy congrats if ur from 11th class commerce
@nhungnguyen-pi9lf
@nhungnguyen-pi9lf 2 жыл бұрын
Hay quá
@larissagonzales6075
@larissagonzales6075 3 жыл бұрын
Why does the accountant have to look nerdy lol
@aimattant
@aimattant Жыл бұрын
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 Жыл бұрын
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
@scottsmyth1862
@scottsmyth1862 3 жыл бұрын
great vid than ks
@Suummonerr
@Suummonerr 4 жыл бұрын
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 жыл бұрын
How dumb are you?
@Suummonerr
@Suummonerr 3 жыл бұрын
@@bobbertonsmivelton7019 wow teach me smarty
@bobbertonsmivelton7019
@bobbertonsmivelton7019 3 жыл бұрын
@@Suummonerr This is a simple video about accounting your brain shouldn't be this tiny
@idrk1507
@idrk1507 3 жыл бұрын
🤦🏻‍♀️
@lizethnavarrete2017
@lizethnavarrete2017 2 жыл бұрын
You’re kind of stupid
@kentheengineer592
@kentheengineer592 11 ай бұрын
Go Forth & Conquer 💀
@thespinabifidaworkoutqueen
@thespinabifidaworkoutqueen 4 жыл бұрын
💯
@GhwalvaAli
@GhwalvaAli 10 ай бұрын
@saucemaster5218
@saucemaster5218 Жыл бұрын
I cant believe i picked the most cartoonishly boring job
@TheMicnpark
@TheMicnpark 2 жыл бұрын
CFO and controllers be like 🤡
@uwuperasitamal
@uwuperasitamal Ай бұрын
Easy
@marilynturner-mitchell6540
@marilynturner-mitchell6540 5 ай бұрын
Shamar equipment
@izzychibwana7803
@izzychibwana7803 Жыл бұрын
Lo
@kyleresnick842
@kyleresnick842 4 жыл бұрын
This is extremely false
@uchiha5531
@uchiha5531 4 жыл бұрын
Kyle Resnick management accounting
@AHMD_a1
@AHMD_a1 3 жыл бұрын
Yes accounting is backward no forward, this is finance not accounting
@JT-pt5tl
@JT-pt5tl 3 жыл бұрын
@@AHMD_a1 accounting is financing
@chaschas226
@chaschas226 2 жыл бұрын
@@JT-pt5tl then, what does finance management do if there's an accountant??
@TheMicnpark
@TheMicnpark 2 жыл бұрын
@@JT-pt5tl its not lol
@lannguyenthi2423
@lannguyenthi2423 2 жыл бұрын
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