| The concept of accountant hierarchy is present in | | | | the next level of the hierarchy and their primary |
| almost every field of accountancy that we can | | | | concern is the frameworks as well as the |
| come across. Right from the development, | | | | standards of accountancy |
| adoption, and in the implementation of accounting | | | | It is always considered beneficial if there is a single |
| standards as well as systems, there is a prevalent | | | | framework as well as set of standards meant for |
| accounting hierarchy present. The framework of | | | | the entire public sector in one country. In this way |
| the accounting systems forms the most basic | | | | all the public sector accounting hierarchy |
| part of the accountant hierarchy. The next level in | | | | organization would have the same base to |
| the accountant hierarchy are the standards, | | | | function. There are differences between the state |
| reporting needs as well as categories of | | | | as well as the local governments due to which |
| accounting that are used in almost all types of | | | | some of the accounting policies would be different |
| participatory organizations. The accountant policies | | | | for the public sector entities as compared to the |
| that are relevant to the specific entity are applied | | | | specific individual entities. Another point of |
| to that entity within the adopted framework. | | | | importance is that every entity would have the |
| The levels of accountant hierarchy that are | | | | accountant hierarchy that is specific to that only, |
| followed by almost all the companies | | | | yet the new time frames, processes, as well as |
| are:a) The junior accountants form the | | | | accounting instructions would be incorporated |
| first level of the hierarchy. Their primary focus is | | | | within that entity. Another thing that needs to be |
| on the standards as well as the instructions of the | | | | noted is that the accounting systems should also |
| accountancyb) The senior accountants | | | | incorporate the latest information for the fiscal |
| form the next level of the hierarchy with their | | | | statistical reporting, managerial reporting as well as |
| primary focus being on the policies as well as the | | | | for other purposes. |
| their functionsc) The methodologists form | | | | |