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How can an accountant add value to his/her work?

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Question added by Dinesh Rana , Team Leader , Accenture Services Pvt. Ltd
Date Posted: 2017/02/07
Melinda Erana
by Melinda Erana , ACCOUNTANT , DROPS GOODS WHOLESALERS LLC

Accountants always playing the long game. Should implement a financial strategy to plan for the future and find ways to increase profits by reducing wasteful expenditures, by assessing the historical financial data of the Companies we are working for and look for the potential growth. We also ensure our Tax Compliance & avoiding penalties. Increasing profitbility by analyzing expenses and looking at possible improvements in the cash flow, by reducing debts, by negotiating on redicing price of purchases, forecasting, maximizing price on sales without compromising the quality and better reporting on financial information to facilitate better decision making of the Management.

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