Skills Financial Accountant in Ontario

National Occupational Classification update

We have updated this page to reflect the transition to the 2021 version of the National Occupational Classification (NOC). This means that the occupation "financial accountant" was moved from the group Financial auditors and accountants (NOC 1111) to the group Financial auditors and accountants (NOC 11100).

Find out what skills you typically need to work as a financial accountant in Canada. These skills are applicable to all Financial auditors and accountants (NOC 11100).

Tasks

  • Plan, set up and administer accounting systems
  • Train staff
  • Arrange training for staff
  • Ensure accuracy and compliance to accounting standards, procedures and internal control
  • Prepare financial information for individuals, departments or companies
  • Prepare reports and audit findings
  • Supervise staff
  • Prepare financial statements and reports
  • Recommend improvements to accounting systems and management practices
  • Conduct field audits of businesses to ensure compliance with provisions of the Income Tax Act, the Canadian Business Corporations Act or other statutory requirements
  • Develop and maintain cost findings, reporting and internal control procedure
  • Prepare income tax returns from accounting records
  • Analyze financial documents and reports
  • Examine accounting records
  • Provide financial, business and tax advice
  • Act as trustee in bankruptcy proceedings

Skills and knowledge

The following skills and knowledge are usually required in this occupation.

    Skills

  • Service and Care Help -
    • Cleaning and House/Shop Keeping
    • Tending to Daily Needs
    • Cooking, Preparing, Serving
    • Serving Others
    • Protecting and Enforcing
    • Treating People/Animals
    • Counselling and Nurturing
  • Communication Help -
    • Interviewing
    • Promoting and Selling
    • Advising and Consulting
    • Professional Communicating
    • Teaching and Training
    • Liaising and Networking
    • Negotiating and Adjudicating
  • Analysis Help -
    • Inspecting and Testing
    • Analyzing Information
    • Examining and Diagnosing
    • Planning
    • Researching and Investigating
    • Projecting Outcomes

    Knowledge

  • Law and Public Safety Help -
    • Public Safety and Security
    • Law, Government, and Jurisprudence
  • Business, Finance and Management Help -
    • Client Service
    • Marketing
    • Sales
    • Clerical
    • Personnel and Human Resources
    • Accounting
    • Economics
    • Finance
    • Business Administration
    • Business Management
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