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 ?
* Assist the educator in obtaining a summer internship in private industry or public accounting at least biannually.
Varley advises newcomers to public accounting who want a career that lets them grow to: "Be a sponge!
The major difference between a CPA working in a public accounting firm versus one in private industry is how each defines the "client." While public accounting firms work for, and are paid by, the company that hired them for an independent audit, their ultimate client is always the public.
firms are subject to Sarbanes-Oxley and to the rules of the PCAOB "to the same extent as a public accounting firm that is organized and operates under the laws of the United States." At that date, the PCAOB had 164 non-U.S.
For its public accounting titles, Strafford offered things like Swiss Army knives ("Our coverage is as sharp as....") and high-intensity flashlights ("Shine a bright light on developments in...").
A public accounting firm includes a non-competition agreement in an employment contract to protect the firm from losing clients.
* The public accounting demand for master's degrees remained flat over the 24-year period.
Heading into the 21st century, the need for law enforcement and public accounting cooperation remains imperative.
In the mid-1980s, the upward mobility of women in public accounting was identified by the Future Issues Committee of the American Institute of Certified Public Accountants (AICPA) as one of 14 major issues facing the profession.
Public accounting firms range from one-person operations to large multinational organizations that employ thousands of professionals.
Johnson is a Certified Public Accountant with over 37 years of experience working in the public accounting and private industry sectors.
In a regulatory filing, Alteryx stated that "contemporaneous with the change in the independent registered public accounting firm of Alteryx...the company decided to provide preliminary results for its fourth quarter and full year ended December 31, 2018." Revenue is expected to be approximately $59M, representing a period-over-period increase of approximately 53%.

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