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 ?
The market share of the big four in the number of accountants peaked with 35.5 percent in 2009, and has since declined reaching 29.5 percent in 2014, 27.2 percent in 2015 and 26.8 percent in 2016.
He directed Military Accountant General to insure speedy disbursal and efficient handling of accounts of deployed units, widows of martyrs and retired personnel of the armed forces.
IACPA diploma has been developed in accordance with the Certified International Professional Accounting Qualification curriculum of the United Nations Conference on Trade and Development (UNCTAD), with the participation of experts from the Arab Society of Certified Accountants (ASCA), the Association of Chartered Certified Accountants, the Certified General Accountants Association of Canada, European Commission, Institute of Chartered Accountants in Scotland, the Accounting Standards Board of Poland, the International Federation of Accountants and representatives of academic organizations and international accounting companies which participated in their own capacity.
On the other hand, it is clear that the Kovel privilege does apply to accountant-client communications when an attorney hires an accountant to assist in representing a client in a matter requiring the accountant's expertise.
is in the Accountant Plus subscription and included in the Pro Advisor membership (http://accountants.intuit.com/accounting/ proadvisor/).
Further, the auditor's role is not to protect its client's interest, but to serve "as a disinterested analyst charged with public obligations." The auditor's "public watchdog" function demands that the accountant "maintain total independence from the client at all times and requires complete fidelity to the public trust" (emphasis added).
To ensure that all communications between a taxpayer and an accountant are privileged, the attorney and the accountant should carefully structure their relationship.
The last applicant was an accountant. The business man asked him, "How much is two and two?" The accountant got up from his chair, went over to the door and closed it, then came back and sat down.
The attorney, using sign language, asks the accountant where the money is.
More than three-quarters of those questioned believed their accountant offered the best unbiased financial advice.
In the report, the term "accountant" was categorized by title and experience, which included controllers/comptrollers, certified public accountants, accounting professors, and those who served on accounting standards or similar oversight boards.

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