First, we must identify the duties of the accountant. One of the main responsibilities of the accountant is to answer the questions of the establishment owners and administrators about the outcome of its activities, the financial status of the project and how it formulates the balance sheet, whether the financial period ended up with profit or loss, whether the establishment
was able to satisfy its commitment towards its owners and the competitors, whether the establishment would be liquidated or whether the monies are enough to meet those obligations, at least in short range. In order for the answer to be credible, it must be preceded by certain procedures to be taken by the House,
based on maintaining a group of high standard and high-caliber accountants to help in the financial management of clients' activities, including the following:
1. Establishing the account books, and registering and authenticating the same from the Notarization Department, as per the law.
2. Ensuring the legality of expense and revenue documents both from the form and content considerations.
3. Establishing the journal required for the company and the technical accounting orientation for the same.
4. Analyzing financial information.
5. Abiding in the general account books, by the relevant accounting criteria.
6. Maintaining internal audit on the accounts.
7. Abiding by the subsidiary ledgers approved by the Taxation Administration.
8. Preparing financial reports, issuing and approving the balance sheet and showing it to owners, along with financial and graphic indices.
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