Noun

Wikipedia has an article on: Accountancy

Singular accountancy

Plural countable and uncountable; plural accountancies

accountancy (countable and uncountable; plural accountancies)

  1. (uncountable) (British) The function of compiling and providing financial information primarily by reports referred to as financial statements. Accounting includes bookkeeping, systems design, analysis and interpretation of accounting information.
  2. (countable) A company or organisation that performs such a function.

From Wiktionary under the GNU Free Documentation License.
Sat Jan 9 01:49:21 2010

Accountancy is the art of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management. It is the branch of mathematical science that is useful in discovering the causes of success and failure in business. The principles of accountancy are applied to business entities in three divisions of practical art, named accounting, bookkeeping, and auditing.

Accounting is defined by the AICPA as "The art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof."

Accounting is thousands of years old; the earliest accounting records, which date back more than 7,000 years, were found in the Middle East. The people of that time relied on primitive accounting methods to record the growth of crops and herds. Accounting evolved, improving over the years and advancing as business advanced.

Early accounts served mainly to assist the memory of the businessperson and the audience for the account was the proprietor or record keeper alone. Cruder forms of accounting were inadequate for the problems created by a business entity involving multiple investors, so double-entry bookkeeping first emerged in northern Italy in the 14th century, where trading ventures began to require more capital than a single individual was able to invest. The development of joint stock companies created wider audiences for accounts, as investors without firsthand knowledge of their operations relied on accounts to provide the requisite information. This development resulted in a split of accounting systems for internal (i.e. management accounting) and external (i.e. financial accounting) purposes, and subsequently also in accounting and disclosure regulations and a growing need for independent attestation of external accounts by auditors.

Today, accounting is called "the language of business" because it is the vehicle for reporting financial information about a business entity to many different groups of people. Accounting that concentrates on reporting to people inside the business entity is called management accounting and is used to provide information to employees, managers, owner-managers and auditors. Management accounting is concerned primarily with providing a basis for making management or operating decisions. Accounting that provides information to people outside the business entity is called financial accounting and provides information to present and potential shareholders, creditors such as banks or vendors, financial analysts, economists, and government agencies. Because these users have different needs, the presentation of financial accounts is very structured and subject to many more rules than management accounting. The body of rules that governs financial accounting is called Generally Accepted Accounting Principles, or GAAP.

From Wikipedia under the GNU Free Documentation License
Wed Mar 10 20:23:19 2010

Finance & Accountancy Advice for smes & and Startups | tehnic.net
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Finance & Accountancy Advice for smes & and Startups | tehnic.net

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Fri, 12 Mar 2010 10:48:33 GM

Simon Ball, CEO and founder of business insurance website Coverzones, interviews Mike Camp CFO and COO about . Accountancy. .

The UK Budget Deficit Harsh Choices Ahead, Finds Accountancy Body
freshbusinessthinking.com
The UK Budget Deficit Harsh Choices Ahead, Finds Accountancy Body

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ue, 09 Mar 2010 17:10:17 GM

By Lea Pachta As the [b]UK Budget[/b] gets closer, ACCA (the Association of Chartered Certified . Accountants. ) has polled its UK members asking the question: Given the current state of UK public finances, which of the following do you ...

Business, Management, Accountancy and Finance - Display
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Business, Management, Accountancy and Finance - Display

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Fri, 12 Mar 2010 19:30:55 GM

Select a Subject Centre -, The Higher Education Academy, Art, Design and Media, Bioscience, Built Environment, Business, Management, . Accountancy. and Finance, Economics, Education (ESCALATE), Engineering, English, Geography, ...

From Google Blog Search: "accountancy"
Mon Mar 15 05:50:00 2010

See also:

  • Financial Accounting Standards BoardFinancial Accounting Standards Board
    fasb.org
    The designated private sector organization in the U.S. that establishes financial accounting and reporting standards. FASB standards are recognized as authoritative by the U.S. Securities and Exchange Commission and the American Institute of Certified Public Accountants.
  • Accountant Referral Service CorpAccountant Referral Service Corp
    arsconline.com
    USA accountant referral matching service free for businesses, providing help in finding CPAs who suits their needs through a free financial design process.
  • <b>Internal Revenue Service</b>Internal Revenue Service
    irs.gov
    The IRS is the U.S. government agency responsible for tax collection and tax law enforcement. Contains downloadable forms, instructions, and agency publications. It also includes "The Digital Daily," an almost-humorous online newspaper.

Custom search only accountancy sites:

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Mon Feb 15 00:41:43 2010
Blue chips threaten tax exodus - Times Online
news.google.com
Blue chips threaten tax exodus

Times Online

It is a fact of life that companies are regularly evaluating where they are headquartered, said Chris Sanger at Ernst & Young, the accountancy firm. ...
Peak bodies dispute ATO's TPG ruling - The Australian
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Peak bodies dispute ATO's TPG ruling

The Australian

From the beginning a large part of the accountancy sector has professed scepticism, at best, about the sustainability of the ATO's position on both the ...



and more &raquo;
Reeves + Neylan Select UK Based Audit 2 Ltd To Support Their New Technology ... - SYS-CON Media (press release)
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Reeves + Neylan Select UK Based Audit 2 Ltd To Support Their New Technology ...

SYS-CON Media (press release)

Reeves + Neylan, winners of the 2009 Accountancy Age Awards Best Large Firm of the Year have announced that their pioneering technology audit services are ...



and more &raquo;

From Google News Search: "accountancy"
Sun Feb 14 05:47:45 2010

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as well as corporate success and once understood makes the bearer nothing short of an arsenal of interpersonal power Read the Full Article Part 1 Read the Full Article Part 2 Read the Full Article Part 3

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From Yahoo Image Search: "accountancy"
Fri Mar 12 02:50:54 2010

What international accountancy degree is recognised in India?
Q. Other than the normal CA of ICAI is there any other accountancy degree recognised in India?I am based abroad and am planning to do an accountancy course but just in case I decide to settle in India want to make sure that would be able to practice/work in india
Asked by Vikram R - Mon Feb 4 16:44:39 2008 - - 1 Answers - 0 Comments

A. I suggest MSc in Accounting, Finance and Management from the top ten university of bristol in UK . It is excellent in teaching, research and high profile in recognition around the world by the big 4, as well as the other giants.
Answered by PooH - Mon Feb 4 17:19:19 2008

What can I write about the credit crunch on my Accountancy Personal Statement?
Q. Just need to add a bit on this. I've classed one of my 2hobbies and interests" as Current Affairs, and thus, the credit crunch. As this relates to Accountancy and Finance. What can I put?
Asked by Red Issue - Mon Oct 19 12:05:14 2009 - - 1 Answers - 0 Comments

A. Here is a suggestion: I keep abreast of the latest developments in the financial markets with the popular press and specialist publications (give an example if possible). The last x months have been fascinating from an academic perspective and has demonstrated just how fragile the balance is in the financial markets. I have been able to use my skills in accountancy to give guidance to friends and relatives, who know how much I read on the subject, on how they should handle their own finances in the current climate for example... Refer to this website for further guidance and some free advice
Answered by lisa - Tue Oct 20 07:29:27 2009

What companies have accountancy and finance graduate schemes that allow graduates with a 2:2 degree apply?
Q. What companies have accountancy and finance graduate schemes that allow graduates with a 2:2 degree apply? I know of hbos and rbs but i was wondering if there are any more as I am finding it extremely hard to get a job using my accountancy and finance 2:2 degree Thanks for your help and time
Asked by unknown - Fri May 22 10:11:23 2009 - - 1 Answers - 0 Comments

A. I know my local council run schemes similar in all there different departments but apart from that iam unsure.
Answered by george d - Fri May 22 10:17:39 2009

From Yahoo Answer Search: "accountancy"
Wed Feb 17 06:39:54 2010