Accountant

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Accountant

A professional who maintains financial records, notes expenses or revenue, and/or determines how much one owes or is owed. Accountants seek to assure that every individual or company pays, or is paid, the correct amount. There are several different types of accounting, each of which reports revenue and earnings differently from other methods. Two major methods accountants use are accrual accounting and cash accounting. Accrual accounting recognizes revenue and matches it with the expenses that generated that revenue. Cash accounting, on the other hand, recognizes revenue and expenses in the order in which they are received or spent.

Accountants play an important role in personal finance as well. One may hire an accountant to maintain accurate records, to ensure that enough money remains to pay one's bills. Likewise, people use accountants to pay personal or corporate taxes in the correct amount. See also: CPA, LIFO, FIFO.
References in periodicals archive ?
And so, while the services of qualified accountants are evidently vital to the economic health of Wales, their profession is being undermined by a lack of legal protection for that role.
24 of the Listing Rules in relation to the requirement for the appointment of a qualified accountant for a period of three years commencing from 15th May, 2007 to 14th May, 2010.
uk Click on Find a Chartered Accountant for help in locating a qualified accountant in your area.
Michael Collier A qualified accountant, he lives in Skirpenbeck, near York.
He is a qualified accountant and has held a number of posts up to director level.
Mr Woods said: "The Government has ensured that advice under the initiative comes from a professionally qualified accountant, such as a member of ACCA.
Ms Lord is a qualified accountant, previously working for KPMG and is a member of the Association of Business Recovery Professionals.
Click on Find a Chartered Accountant for help in locating a qualified accountant in your area, who offers the service you require at a rate that you are happy with.
As a qualified accountant, Judith fits in the number crunching alongside managing a busy services team, which handles everything from the provision of information to running EEF Northern's extensive public seminar programme.
assistance to the qualified accountant of the Company, resigned from his
Kavanagh, widely respected throughout the industry, is a qualified accountant and transformed The Curragh racecourse before becoming the Turf Club's chief executive.

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