Corporate Chartered Accountant
What is the meaning of a Corporate?
A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that individuals possess.
They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Some refer to it as a “legal person.”
What is the importance of a Chartered Accountant in a Corporate Sector?
Ensuring that clients remain tax compliant in their business operations is one role of a chartered accountant.
With the same motive as above we at Bashmakh & Co, help businesses determine the required cost of production and help optimize expenditure via various management techniques
As chartered accountants, we help a corporate sector manage financial systems and budgets. We also maintain accounting records and prepare accounts and management information for small businesses. We also advise clients on business transactions, such as mergers and acquisitions adhering to provide competent corporate finance services to our client.
What are the roles played by Chartered Accountants in a Corporate World?
Bashmakh & Co. plays Multiple Responsibilities of a Chartered Accountant which is explained as follows:
1. Performs Accounting audits.
We consider this as one of the most important functions of a Chartered Accountant.
2. Acting as a Cost Accountant
A Chartered accountant’s role becomes very important when it comes to Cost accountancy in a manufacturing firm or a service provider firm. Hence we ascertain the cost of production and the costs which would be incurred at the different levels of the production. We also provide costing information for the proper Management. Cost controlling methods and establishment of appropriate selling prices is also amongst the various important roles that Bashmakh & Co. plays as Chartered Accountants.
3. Performing Special Company Work too
During the formation, financial structure and liquidation of a Limited company, the Chartered Accountant services become crucial and important. During the process, the secretarial and Registration work and the duties of a receiver are carried by us in addition to the other company work.
4. Bashmakh & Co. is also involved in Companies Secretarial Work
The smaller companies who are the participants of a limited company and are unable to afford a full-time secretary appoint a professional accountant, who apart from his various other duties, performs an important role in the management chain and also offers secretarial services
corporate Chartered Accountant