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Article: Day in the Life: Industry Accountant

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Day in the Life: Industry Accountant

This day in the life is excerpted from Vault Members can read the entire guide FREE online.

8:00 a.m.Meeting with all accounting personnel regarding the timing of the year-end close of the accounting records.
9:15 a.m.Attend conference call with software vendor pitching a new credit and collections software package.
9:45 a.m.Reconcile monthly bank statement with the cash account balance per the general ledger.
11:30 a.m.Discuss role in the credit and collections process with the company's auditors and explain to the newly hired staff in detail why the process works.
12:00 p.m.Lunch in company cafeteria with other members of accounting staff.
1:00 p.m.Draft aging of the company's receivables and review overdue amounts with the company's corporate controller.  Discuss with controller the terms of the new debt instrument issued by the company.
1:45 p.m. Establish recurring journal entries on the general ledger system for accretion of the new debt instrument.
2:15 p.m. Perform lease capitalization tests for new equipment purchased by company, document test results and book journal entries to the general ledger.
4:00 p.m. Assist corporate controller in drafting the company's monthly financial packet.
5:15 p.m. Phone call with West Coast marketing personnel and corporate cost accountant regarding inter-company transfer pricing issues on sale merchandise.
6:00 p.m. End of the workday.