The profession of an economist is becoming not only more and more popular, but also remains in demand. An economist is necessary at any enterprise and even an individual entrepreneur for successful work must have a sufficiently deep economic knowledge.
What economists do at the enterprise
The main responsibility of an economist or a group of specialists separated into a separate economic service is to ensure the most efficient operation of the enterprise. They analyze the economic activity of the company based on monitoring statistical data and key financial indicators and, based on its results, develop and coordinate the implementation of planned tasks.
Planned tasks are developed taking into account the economic and financial forecast, market conditions, the planned demand for the company's products and many other indicators that affect the end result - increasing the efficiency of the enterprise, improving the quality of its products and labor productivity.
A modern economist simply cannot fulfill his duties without organizing the timely accounting of all financial and economic indicators of the enterprise. Therefore, maintaining databases and monitoring changes are also an indispensable part of an economist's job. This is the basis for correct forecasting and calculation of labor, material and financial costs necessary for the full and successful operation of the enterprise.
What an Economist Should Know
In order for the financial and economic activity of the enterprise to always be in the legal field, the economist needs to know all the current regulations, federal and regional legislation that regulate this activity. He should also study and use in his work industry methodological materials for planning, accounting and analyzing the company's activities.
An economist should be familiar with the methods and procedures for long-term and annual planning of economic, financial and production activities of the enterprise, know the basics and procedure for drawing up business plans. For successful work, he will need knowledge of the basics of maintaining planning and accounting documentation, the procedure for rationing material, labor and financial costs. He must be well acquainted with the methods that are used to determine the economic efficiency of the introduction of new technologies, methods and techniques, rationalization proposals and inventions.
The economist needs to master and use in his work modern methods of economic analysis and accounting for the performance of the enterprise, the effective organization of labor. He must own software that allows for automated operational and statistical accounting, know the procedure and terms for the provision of economic reporting.
