Accountant job responsibity

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Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2013 Hello,

Recently I have got new job and got the SR.ACCOUNTANT POSITION in new company. But in my previous job i have done All accounts payable works only...so suggest me how should get prepare for this position and what topics or subject should i should aware of it? which law? principle? etc....

thank you

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 June 2013 read my articles

https://www.caclubindia.com/articles/how-to-become-good-accounts-person-part-1--10220.asp

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 June 2013 https://www.caclubindia.com/articles/how-to-become-good-accounts-person-part-2--10282.asp

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 June 2013 https://www.caclubindia.com/articles/how-to-become-good-accounts-person-part-3--10312.asp

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2013 Sir,

Thanks lot for your guidance...i will definitely try follow all the things you have mentioned in articles to develop my career as an accountant.

Just let me known what are the general accounting polices should be follow by company whose status is in foundation stage.

We details in various activity like retailing of fish, dry warehouse facility,cold storage,etc

need your guidance sir.

thank you

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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29 June 2013 Normal accounting policies need to be drafted based on the applicable accounting standards

Method of accounting, Fixed asset policy, depreciation, revenue recognition etc. can be finalised and fix as accounting policy.