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 ?
As of the end of last year, Samil PricewaterhouseCoopers had 9.8 percent with 1,965 accountants; Samjong KPMG had 6.8 percent with 1,365; Deloitte Anjin, 5.1 percent with 1,021; and EY Han Young, 4.2 percent with 845.
The FGEIs accountants were of the opinion that orders of their up-gradation were passed by the Federal Services Tribunal after hearing of their appeal.
(ICAP) has been awarded Associate membership by Chartered Accountants Worldwide.
Next, the court, in rejecting the prosecution's argument that only client communications with "menial" office staff were covered by the privilege, noted that accountants are needed in complex tax cases in order to act, in effect, as interpreters for attorneys.
Intuit recently introduced QuickBooks Online Accountant (http://accountants.intuit.com/ accounting/ quickbooks/online-accountant/) that gives accountants and bookkeepers:
The Dubai Chapter of the Institute of Chartered Accountants of India is one of the first overseas chapters established by the Institute of Chartered Accountants of India.
Accountants, particularly those working in the tax arena, regularly face questions concerning whether their communications with clients are confidential and protected from disclosure.
Accountants may encounter issues regarding the privilege of client confidentiality in three general contexts.
Launched in 2010, the NetSuite Accountant Program offers accountants secure, real-time, browser-based access to their clients' NetSuite accounts, at the clients' discretion, and preferred rates on NetSuite training.
Accountants make truly excellent strategic alliances.