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 ?
UAA Rule 3-5 states that the phrase "holding out to the public as licensee" as used in the definition of "practice of (or practicing) public accountancy" means a representation by a licensee that he/she holds a certificate, registration or permit and that such representation is made in connection with the performance or an offer to perform services for the public.
RGU, in collaboration with the Association of Chartered Certified Accountants and the Institute of Chartered Accountants of Scotland, will be the only university in Scotland to offer a graduate apprenticeship in accountancy, with 40 places available.
It is also recruiting for a further two roles after recently merging with Leeds accountancy business Chartered Financial Direction.
'Being able to complete a masters in a short period of time and the opportunity to study a range of thought provoking subjects is what attracted me to the MSc in Professional Accountancy. Completing the award has allowed me to broaden my knowledge of emerging and developing markets at the same time as giving me insight and direction on how to develop research skills.
Edwards is a graduate of The University of Mississippi where he earned a bachelor's and master's degree in accountancy. While completing his master's degree, Edwards served as an accounting graduate assistant for The University of Mississippi Patterson School of Accountancy.
The Accountancy Partnership, which has offices in Champion Business Park, Upton, and central London has further increased staff numbers to 25 in accountancy, administration and marketing roles.
The PSNI is seeking to engage forensic accountancy expertise and resources to assist in financial investigations, particularly when there are complex and specialist financial issues.
WITH over 50 years' experience between them, Askews headed by Neil Askew and Oakwood Accountancy owned by Chris Salter have merged to create a larger accountancy firm in Coventry.
BIRMINGHAM recruitment group Alexander Daniels has bolstered its accountancy and finance division with the appointment of experienced clerical and transactional specialist Kate Campbell.
Kerry Sheerman, accountancy and finance manager, said: "Over the course of six years in consultancy roles both here and in the United Arab Emirates, Kate has continually honed her interpersonal skills in conjunction with an aptitude for thorough candidate care.
TEESSIDE accountancy firm Anderson Barrowcliff LLP has been named Small Accountancy Firm of the Year at the 2015 North East Accountancy Awards.
ONE of the oldest and most prestigious accountancy schools in Wales, and popular wedding venue, is closing in December with the loss of 16 jobs.

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