What are the major functions or activities performed by accountants in private industry?

Accountants' duties involve the preparation and examination of financial records, and they possess a distinct set of skills to effectively serve as their client’s advisors.

Broadly speaking, an accountant is responsible for some of the core accounting functions in an organisation:

• Performing risk analysis evaluations.
• Meticulous Recording of Costs and Preparation of Financial Reports.
• Working with external auditors.
• The maintenance of accurate bookkeeping, and the compliance of the bookkeeping with the regulations of the state and with the laws of the United States.
• Recording of disbursements and payments.
• Ensuring that systems are up to date.