Corporate law. Incorporation is the formation of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law). The corporation may be a business, a non-profit organization, sports club, or a government of a new city or town.
Managerial accounting involves collecting, analyzing, and reporting information about the operations and finances of a business. These reports are generally directed to the managers of a business, rather than to any external entities, such as shareholders or lenders. The functions of managerial accounting include: 1  Margin analysis. 2  Breakeven analysis. 3  Constraint analysis. 4  Target costing. 5  Inventory valuation. 6  Trend analysis. 7  Transaction analysis. 8  Capital budgeting analysis.
A third key role of accountants in a company is the preparation of the firmâs taxes. Typically, a company will have a fairly complicated tax structure which calls for the taxing of its income, the deduction of its expenses, and the calculation and exclusion of certain items of depreciation.n any case, it is rare that a firmâs management fails to interact with accountants on a fairly regular basis. In the case of internal business functions, an accountant plays a variety of roles. First, an accountant will be responsible for keeping track of a firmâs finances during its normal transaction of business.