What is the responsibility of the economist in the enterprise?
What are economists doing at the enterprise?
The main duty of an economist or a group of specialists assigned to a separate economic service is to ensure the most efficient operation of the enterprise. They carry out an analysis of the company's economic activity based on monitoring of statistical data and key financial indicators and, based on its results, develop and coordinate implementation of planned tasks.
The planned tasks are developed taking into account the economic and financial forecast, the market situation, the planned demand for the company's products and many other indicators that ultimately affect the company's efficiency, the quality of its products and labor productivity.
The modern economist simply will not be able to fulfill his duties without having to timely record all the financial and economic indicators of the company's activities. Therefore, maintaining databases and monitoring changes are also an indispensable part of the economist's work. This is the basis for the correct forecasting and calculation of the labor, material and financial costs necessary for the full and successful operation of the enterprise.
What the economist should know
To the financial and economic activity of the enterprise has always been in the legal field, the economist needs to know all the current regulatory and legal acts, federal and regional legislation that regulates this activity. He should also study and use in his work sectoral methodological materials on planning, accounting and analysis of the company's activities.
The economist should be familiar with the methods and order of long-term and annual planning of the company's economic, financial and production activities, and know the basics and procedure for drawing up business plans. For successful work, he will need knowledge of the basics of conducting the planning documentation, the order of standardization of material, labor and financial costs. He should be well acquainted with the methods used to determine the economic effectiveness of the introduction of new technologies, methods and techniques, rationalization proposals and inventions.
The economist should master and use in his work modern methods of economic analysis and accounting of the enterprise's performance indicators, effective organization of labor. He must own software that allows to conduct automated operational and statistical accounting, to know the order and timing of the provision of economic reporting.