Monday, December 27, 2010

Accounting and Commerce in Mining Industry

We believe that work environments may vary in the type of occupation you’re in. if you’re working in the corporate sector, you can feel its comfortable ambience. If in construction, you can feel the danger. However, the working conditions in mines, quarries, and well sites can be bizarre in nature, and sometimes perilous. Physical strength and stamina, likewise to construction, is necessary. Working in the mining site involves prolonged standing, lifting, carrying, climbing, stooping to work with tools that are often soiled and oily. Miners are exposed to all kinds of weather and climate, though some surface mines shut down in winter because snow covering the mine site makes work too perilous.

However, there are jobs available in the administration and corporate departments in the field of mining. This, in fact, requires less Finance Professionals can specialize in a number of areas some of which are listed below:

Commercial/Business Manager

A business manager may perform daily financial activities and oversee supervision of personnel. Maintains records on employees, equipment and inventories. A business manager often assists in the preparation of budget request and coordinates financial aspects of contracts, develops and represents the organization at various community and business meetings.

Accountant

The main responsibility of an accountant, whether in the entry level position can perform varied tasks in corporate setting. By large, an accountant analyzes and reports on information concerned with the financial operations and affairs of enterprises. Their tasks may include: planning, setting up, and directing systems to records accumulated costs of raw material, labor and overheads.

An accountant also develops and directs systems that determine unit costs, provides management with reports to assist in decision-making, prepares reports on financial analysis of operations, and summarizes budgets forecasts. Moreover, an accountant also calculates depreciation on capital equipment, evaluates requirement for funds an investment of surplus, initiates cost investigation studies, and develops cost allocations and financial reporting systems.


Business Administrator (Office Administrator)

To ensure organizations run smoothly through sound administrative functions, a company needs a business administrator. Behind the demanding calls of human resources, property and facility management, business administrators are the people a certain group should look for. A business administrator supervises and coordinates activities of staff. Oftentimes, interviews job applicants and conducts orientation programs for new employees, monitors expenditures, maintains inventory controls, and maintains management information systems.


Accounts Clerk

An Account Clerk in the mining sector records and compiles summaries of the financial transactions of an enterprise for management purposes and in the minerals industry may accomplish record invoices and arrange payments, processing accounts, salary distribution, regular reports and summaries of accounts, and financial statements.

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