The Metamorphosing role of Accountants in the Modern Business Organizations.

The accounting profession has witnessed another severe criticism in the light of the recent global economic turmoil. Many questions were raised about the role of accountants in the era of globalization. As a result, there has been a greater research interest opportunities touching the role of the accountants with a special focus in its metamorphosis spanning from the past till the present, keeping in mind the future direction of accountants in the private and public enterprises.

Traditionally, the role of the Accountant in Business involves implementing and maintaining operational controls, providing analytical support for strategic planning and decision making and ensuring that effective risk management processes are in place. The role of the Accountant in Business is therefore, critical to the financial health as well as the reputation and credibility of the business organization and its management.

The role of the Accountant in ensuring the quality of financial reporting cannot be over emphasized. Although Management is responsible for the financial information produced by the company, Accountants are in the frontline of safeguarding the integrity of financial reporting. Therefore, the accountant is an important asset to the company because he has the key skills required to speak the language of business.

The value of accountants will be measured by the extent to which they are perceived to be accountable not only to their own organizations but more importantly to the public. Their ability to continue to fulfill these roles in the face of constant environmental changes is vital to their continued relevance. There is a general understanding that it is more substantial to represent a purpose, rather than just a title. The titles are as but not limited to the list below:

• Chief Executive Officer
• Group Chief Finance Officer
• Finance Director
• Chief Finance Officer
• VP Finance
• Chief Internal Auditor
• Chief Operating Officer
• Finance Co-ordinator.
• Group Finance Manager
• Financial Controller
• Head of Finance
• Chief Dealer – Foreign Exchange or Local Currency
• Finance and Commercial Manager.
• Roving finance manager
• General Manager Finance
• Finance Lead
• Head of Global Payments
• Finance and Operations manager
• Finance and administration manager
• Grants manager
• Senior Finance Associate
• Financial Accounting & Reporting Officer
• Cash Implementation Specialist
• Revenue Assurance & Credit Control Officer
• Finance Executive
• Finance Associate
• Finance Specialist
• Finance Fellowship
• Audit Associate
• Revenue Assurance Officer

Conclusion

There is a general understanding that it is more substantial to represent a purpose, rather than just a title. The choice of title used solely depends on the nature of business of company, the company structure, the size of the company, the underlying long term strategy of the company among other material factors.

You can help to grow the list. Comment below any other title in the Morden business organizations left out.