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 ?
Because all professional accountants, one way or another, have to do with facts, with numbers, and have to certify the validity of evidence--the preparers, the consultants, whoever.
This approach, which originated in the ISAs and was applied in the AICPA Auditing Standards Board's clarity project, is familiar to many professional accountants.
This is important because the ability of professional accountants to create value depends very crucially on their ability to win and sustain the trust of their many stakeholders.
"Professional accountants are often on the frontline of facing ethical questions in business.
She asserted that BICA and stakeholders needed to find ways to capacitate members in the technical competencies of both existing and upcoming qualified professional accountants.
Chartered Professional Accountants of Canada (CPA Canada) is one of the largest national accounting organizations in the world, representing more than 210,000 members.
In 2016 the profession and professional accountants supported a GDP contribution of PS52 billion and 599,000 people were employed in accounting roles in the UK.
Khalilullah Shaikh, Chairman, Professional Accountants in Business Committee and Council Member, ICAP shared the Conference objectives, vision and the Institute's contribution towards the finance and economic sector of Pakistan.
The second technical session was on the theme of 'Role of Professional Accountants in Economic Value Addition through Cost and Pricing'.
Summary: Ross Campbell, director -- public sector at the Institute of Chartered Accountants in England & Wales, explains why GCC governments should look to professional accountants to strengthen their public finances
One smart solution is to take services of professional accountants or accounting companies that take care of all accounts of their client companies for reasonable amounts.
The skillset, experience, and influence professional accountants possess gives them enormous scope to shape solutions to sustainable development challenges."

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