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 ?
Generally, an individual who is going to be a partner or owner of a public accounting firm today must possess the dedication, leadership and commitment necessary to see that the business prospers.
There, the public accounting profession is organized on both a national and provincial level.
For CPAs working in both industry and public accounting, it is the wealth of new and expanding career opportunities following the recent flood of new securities regulations and accounting rules.
information that may be relevant to a PCAOB inspection of a registered public accounting firm
Also of note, 56% of students receiving Master's degrees in 2001-2002 took positions in public accounting, while approximately one-third of Bachelor's degree recipients took positions with public accounting firms and about one-fifth went into business and industry.
By the mid- and later '90s Strafford was publishing about 15 titles, but in November 2001 we sold five titles in the public accounting area to Aspen Publishing.
Many public accounting firms are asking current and new employees to sign non-competition agreements.
But as the first woman to be named managing partner of a national public accounting firm's Florida office, Stein is in the best position yet to shatter the myths about her profession.
Public accounting firms played a relatively minor role in providing subsidiary tax reporting information.
HOUSTON -- GLO CPAs, LLP, a large Houston-based 25 year old leading certified public accounting firm is providing more than financial services for its clients and constituents by hosting conferences and networking sessions at The Houston Club.
com)-- The National Academy of Public Accounting Professionals (NAPAP) has named its 2014 "Top 10 Public Accounting Professionals" for Rhode Island.