Quick Menu
Social media
Contact information
Address

Plot 90,Kanjokya Street

Kampala,Uganda

Email

info@studenthub.ug

Phone

+256 705 228456

+256 773 031611

+256 775 450028

Breaking News

I Want to Become

Accountant

Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.


Accountant

Also known as Account Auditor, Accountant, Auditor, Auditor-In-Charge, Certified Public Accountant, Cost Accountant, CPA, Field Auditor, Financial Accountant, Financial Auditor

Accountants analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Roles of an accountant as defined by Institute of Certified Public Accountants of Uganda

The roles Certified Public Accountants (CPAs) perform can broadly be described as creators, enablers, preservers, and reporters of sustainable value for their organizations.  It is recognised that CPAs operate in both performance and conformance dimensions. 

As creators of value, CPAs take leadership roles in the design and implementation of strategies, policies, plans, structures, and governance measures that set the course for delivering sustainable value creation.

As enablers of value, CPAs inform and guide managerial and operational decision making and implementation of strategy for achieving sustainable value creation, and the planning, monitoring, and improvement of supporting processes.

As preservers of value, CPAs ensure the protection of a sustainable value creation strategy against strategic, operational, and financial risks, and ensuring compliance with regulations, standards, and good practices.

As reporters of value, CPAs enable the transparent communication of the delivery of sustainable value to stakeholders.

sourcehttps://www.icpau.co.ug

Daily Tasks

1. Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology

2. Establish tables of accounts and assign entries to proper accounts

3. Report to management regarding the finances of establishment.

4. Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.

Main Activities

Interacting With Computers: Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information

Processing Information: Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data. Getting Information:Observing, receiving, and otherwise obtaining information from all relevant sources

Getting Information : Observing, receiving, and otherwise obtaining information from all relevant sources.

Evaluating Information to Determine Compliance with Standards: Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.

Organizing, Planning, and Prioritizing Work : Developing specific goals and plans to prioritize, organize, and accomplish your work.

Analyzing Data or Information : Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

Communicating with Supervisors, Peers, or Subordinates: Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.

Updating and Using Relevant Knowledge : Keeping up-to-date technically and applying new knowledge to your job.

Areas of Knowledge

Economics and  Accounting: Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data

Mathematics : Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. English Language: Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Clerical : Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.

Administration and Management : Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Customer and Personal Service : Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Law and Government : Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process

Key Abilities

Oral Comprehension : The ability to listen to and understand information and ideas presented through spoken words and sentences.

Written Comprehension : The ability to read and understand information and ideas presented in writing. Mathematical Reasoning : The ability to choose the right mathematical methods or formulas to solve a problem.

Mathematical Reasoning : The ability to choose the right mathematical methods or formulas to solve a problem.

Number Facility : The ability to add, subtract, multiply, or divide quickly and correctly.

Near Vision : The ability to see details at close range (within a few feet of the observer).

Oral Expression : The ability to communicate information and ideas in speaking so others will understand.

Deductive Reasoning : The ability to apply general rules to specific problems to produce answers that make sense.

Inductive Reasoning : The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

Top Skills

Active Listening : Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Mathematics : Using mathematics to solve problems.

Writing : Communicating effectively in writing as appropriate for the needs of the audience.

Reading Comprehension : Understanding written sentences and paragraphs in work related documents.

Critical Thinking : Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems

Speaking : Talking to others to convey information effectively.

Judgment and Decision Making : Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Time Management : Managing one's own time and the time of others.

Useful Links

http://accountancyfirmsuganda.com/
https://www.icpau.co.ug/

You can do one of these courses to prepare for this Career

  • Scholarships to Study at Makerere University The MasterCard Foundation Scholars Program
    Know more
  • Annual graduate training Deloitte to train Ugandan graduates
    Know more
  • Accounting and Finance Career Seminar for Vacists, Graduates and Parents Free career guidance session for Graduates, school leavers & parents
    Know more
  • University of British Columbia Mastercard Foundation Scholars Program 2020-2021 for study in Canada Fully Funded Scholarship to study in Canada
    Know more
  • PricewaterhouseCoopers (PwC) Uganda Graduate Associate 2020 Programme for young Ugandan graduates Internship program for recent graduates
    Know more
  • Middle East and Africa Analyst Program 2020, Full Time Analyst, Uganda Citi is looking for fresh graduates to join the team in various locations across the Middle East and Africa region
    Know more
Watch and Listen what the practioneers in your field are saying
  • Edwin Mugenyi The Accountant at Jopeg Investiments The Life of an Accountant
    Watch Interview
  • Once dreamt of being a lawyer, now an accountant, Meet James Tumusiime
    Watch Interview
Careers that are in the same career field as Accountant
Online Training in Finance, Budgeting and Taxation
Opportunities

Did this page help you? Yes No Feedback

Map out your own career path to your dream Job