It is a false statement that a major part of a bookkeeper's job is to interpret financial data and suggest strategies for improving the firm.
In accounting, a bookkeeper is a professional primarily responsible for maintaining a detailed record of purchases, sales and other financial transactions. The kind of transactions must be accounted for and how they are recorded can vary depending on the preferences and practices of different institutions or individuals.
Even though the terms of bookkeepers are typically conflated or used interchangeably, the bookkeepers and accountants have distinct roles and obligations. The bookkeepers are on the front line; they maintain an account of how finances flow into and out of an entity from day to day and the accountants are more concerned with the larger picture and use the data bookkeepers keep track of to generate reports, identify important trends, and make projections.
In conclusion, the bookkeepers are not required to have an undergraduate degree but the accountants typically are expected to have, at least, four years of formal training.
Read more about bookkeepers
brainly.com/question/23132551
#SPJ1
