What does a Systems Accountant do?

In a company, a systems accountant has two main responsibilities. She must first examine and evaluate the company’s financial systems, practices, and policies. As independent entities and as part of a larger network of systems, this determines their value and efficiency. She must then eliminate ineffective systems and practices and devise improved replacement systems as a result of this analysis.

The ability of a systems accountant to understand and apply the concepts of information technology, accounting, and financial management is critical to her success. Because of her background, she is able to analyze system performance effectively. She usually prepares reports on her findings after her evaluation and distributes them to the appropriate personnel.

It can be difficult to decide which systems to replace. Before deciding how to proceed, the systems accountant frequently consults with managers and key personnel about the advantages and disadvantages of their specific systems. She may also consult with outside agencies or vendors to determine the impact of her decisions on their goals and expectations, depending on the size and influence of the company. Her goal is to put in place the most efficient, accurate, and cost-effective systems possible.

Many aspects of the financial systems must be carefully evaluated the systems accountant. Their long- and short-term efficiency, as well as how system changes will affect all company departments, are important considerations. If one department suffers as a result of improving operations in another, she must carefully consider what is best for both departments in the long run. Everything from basic document control features to required end-user training must be scrutinized the accountant. She must also consider the system’s ability to perform a variety of tasks, its failure and downtime history, and whether its features will be viable long enough to justify the investment.

Following the decision to make changes and the implementation of new systems, the systems accountant continuously monitors their performance and obtains feedback from the affected departments. She determines which systems are successful and which require further review, enhancements, or replacement with the help of these managers, supervisors, and key players.

As departments evolve and their systems require adjustments, a systems accountant’s job typically consists of many ongoing projects. She also conducts regular performance evaluations to ensure the accuracy and efficiency of all finance and accounting functions. She is expected to communicate technological advancements to appropriate personnel for expert feedback and input as new technology emerges.

Because a systems accountant’s responsibilities are so diverse, a master’s degree is frequently required. A bachelor’s degree in accounting or finance with experience in systems analysis or computer science may be acceptable in some cases.