Question

Traditionally, the role of an accountant is to capture and record financial information. Has this role changed? Why or why not?

Answer 1

The role of the accountant has still remained the same but accountting role has evolved in recent times that along with the traditional role, accountants peform other functions mainly due to changing socio-economic conditions and the enlarged purposes to which accounting is applied. Some of the roles performed by accountants along with the traditional role are : -

• An accountant is a functionary who aids control.
• An accountant is a professional whose primary duties are concerned with information management for internal and external use.
• An accountant is a fiscal adviser.
• An accountant produces an income statement and a balance sheet for an accounting period and maintains all supporting evidence and classified facts that lead to the final accounting statements.
• An accountant verifies, authenticates, and certifies the accounts of an entity.