![]() They often require formal education and professional certifications (e.g., CPA - Certified Public Accountant). Accountants need a solid understanding of accounting principles, financial analysis, taxation laws, and financial reporting standards. Accounting: Accounting demands a higher level of expertise and knowledge.Bookkeepers need to be proficient in data entry, maintaining records, and using bookkeeping software. Bookkeeping: Bookkeeping requires strong attention to detail, accuracy, and organization skills.They prepare financial statements (e.g., income statements, balance sheets, cash flow statements), perform financial ratios analysis, prepare tax returns, conduct audits, and offer financial advice to stakeholders. ![]()
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