Entertainment Production Accountant (Accounting Technician)

Music Forward Foundation

California (SAA)

Documents

Individual state requirements may vary. Please contact your local apprenticeship office to ensure this version is suitable to your state’s requirements.

Work Process Schedule

Work Process Content

On the Job Training

Anonymous

Skills

Maintain financial or account records.

Demonstrate a working understanding of how to inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
Demonstrate ability to review data about material assets, net worth, liabilities, capital stock, surplus, income, or expenditures.

Operate computers or computerized equipment.

Demonstrate ability to develop, implement, modify, and document record-keeping and accounting systems, making use of current computer technology

Verify accuracy of financial or transactional data

Demonstrate a working understanding of how to prepare, analyze, or verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.

Compile data or documentation.

Demonstrate a working understanding of how to collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
Demonstrate a working understanding of how to conduct pre-implementation audits to determine if systems and programs under development will work as planned.

Prepare cash for deposit or disbursement.

Demonstrate ability to inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.

Calculate financial data

Demonstrate ability to compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements
Demonstrate ability to process invoices for payment

Monitor organizational compliance with regulations.

Demonstrate ability to audit payroll and personnel records to determine unemployment insurance premiums, workers & apos compensation coverage, liabilities, and compliance with tax laws.
Demonstrate ability to review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.

Reconcile records of sales or other financial transactions.

Demonstrate ability to prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
Demonstrate ability to prepare adjusting journal entries
Demonstrate ability to review accounts for discrepancies and reconcile differences

Monitor financial information and audits

Demonstrate a working understanding of how to supervise auditing of establishments and to determine scope of investigation required.
Demonstrate ability to evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets

Report financial status and updates to colleagues and management.

Demonstrate a working understanding of reporting to management about asset utilization and audit results, and recommending changes in operations and financial activities
Demonstrate a working understanding of how to confer with company officials about financial and regulatory matters.
Demonstrate a working understanding of how to examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
Demonstrate ability to report to management regarding the finances of establishment
Demonstrate a working understanding of how to represent clients before taxing authorities and provide support during litigation involving financial issues.
Demonstrate a working understanding of how to direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records
Demonstrate ability to examine whether the organization’s objectives are reflected in its management activities, and whether employees understand the objectives.

Search files, databases or reference materials to obtain needed information.

Demonstrate a working understanding of how to develop, maintain, or analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.

Prepare documentation for contracts, transactions, or regulatory compliance.

Demonstrate a working understanding of how to examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
Demonstrate ability to advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.

Calculate costs of goods or services

Demonstrate ability to analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice

Maintain inventory records

Demonstrate ability to establish tables of accounts and assign entries to proper accounts.
Demonstrate ability to examine inventory to verify journal and ledger entries.

General Practices

Demonstrate a working awareness of music from all genres and periods
Demonstrate a working understanding of general musicology and terminology (tempo, bpm, genre, et cetera).
Demonstrate a working understanding of leading industry companies and practices.
Demonstrate a working understanding of general customer service skills.
Demonstrate ability to work with different types of people (creatives, customers, executives, finance, et cetera).
Demonstrate ability to utilize excellent communication skills, written skills, and email etiquette.
Demonstrate a working proficiency in Microsoft office
Demonstrate ability to utilize excellent time management and organizational skills with an extreme attention to detail.

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