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 ?
Table 23: Germany accountancy market value: $ billion, 2008-12 65
Vicky Newham, of Solutions Accountancy and |Bookkeeping Ltd and Andrew Hill, of FDYL
Accountancy recruitment at the Cardiff office involves placing purchase and sales ledger clerks, credit control and collections staff, payroll administrators and managers, accounts clerks and accounts assistants, assistant accountants and bookkeepers, qualified and part-qualified accountants, finance managers, financial controllers, financial directors, internal and external auditors, tax accountants and VAT specialists and financial analysts.
Invu's experience in the sector and close collaboration with Iris has enabled the company to work closely with a large number of accountancy firms to improve and optimise document handling and management.
As a natural corollary of competition in the market, the increase in the number of such professionals in the past has provided and should continue to provide, the businesses and other consumers not only with a greater choice but also improved quality and reduced costs for accountancy services.
For details about The Accountancy Partnership, contact:
Students can enter Level 2 without accountancy experience and with the college offering AAT up to Level 4, university level qualifications and a professional career are possible without the expense of going to university.
Engineer Sultan bin Saeed Al-Mansoori, Minister of Economy and Board Chairman of the Emirates Securities and Commodities Authority (SCA), has said that the UAE attaches great priority to the development of the accountancy as a profession and supporting it within the legal and administrative framework to boost investment environment.
The new company will specifically cater for the accountancy and management information needs of growing businesses.
The boards of directors of the AICPA and the National Association of State Boards of Accountancy had approved signing of the agreement recommended by the IQAB, but the agreements are subject to state board acceptance.
The new online service, Directions, is aimed primarily at careers advisers and teachers, and can also be used by students, parents and anyone advising on careers in financial services and accountancy.
For violations of the accountancy law, the ABO may hold a hearing and take disciplinary action against the CPA certificate of an individual or a public accounting firm's registration.

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