UK Accountant checklist

[Riskreep]

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]

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!

 

[smartthought]

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.