IFAC Definition and Role of an Accountant

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What Is The Role Of A Professional Accountant According To IFAC?

The Role Of An Accountant In Business

It is somebody who is:

  1. Professional - has knowledge and is skilled via examinations and continually kept up to date

  2. Ethical

  3. Overseen by a professional body (In this case - CIMA)

An Accountant in Business

In Business means:

- They are a member of (or support to) a management team

- They create Value

How?

- Analysis of information

- Measuring and Reporting Performance

- Controlling and Forecasting Costs

- Reducing waste / inefficiencies

- Managing Risks

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