UK Accountant checklist

Joined
Jul 27, 2015
Messages
27
Reaction score
2
Country
United Kingdom
Hi

I was looking to create a small accountant check list.

I've been an accounts assistant/bookkeeper for the last 8 years and due to study and experience progression now finally taken on my next role as management accountant in another company.


Let’s say, Mr accountant moves from one employer to a new employer. What checklist should he carry out in the first week of being on the job?


For example:


1. System(s)

2. Company policies on things like expenses, capex etc

3. Depreciation policies

4. Credit control management and policies

Etc etc
 

kirby

VIP Member
Joined
May 12, 2011
Messages
2,445
Reaction score
332
Country
United States
Depreciation policies are about the last thing a new accountant should be concerned about.
Start with the internal accounting controls. google "internal control checklist" to get a start
And definitely start with a complete review of how cash is controlled - are bank reconciliations done timely - are they correct
Lots to do but start there

Good luck!
 
Joined
Aug 17, 2015
Messages
7
Reaction score
1
Country
United States
I would start with understanding the process of each account from calculation, to recording, reviewing and reporting. Sometimes companies may have a process narrative written already that you can read.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top