Accountancy (profession) or accounting (methodology) is the measurement, statement, or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies. The terms derive from the use of financial accounts.
Accounting (Definition) is a service activity. Its function is to provide quantitative information primarily financial in nature, about economic entities, that is intended to be useful in making economic decisions, and in making reasoned choices among alternative courses of action.
It is also the discipline of measuring, communicating and interpreting financial activity. Accounting is also widely referred to as the "language of business".
Financial accounting is one branch of accounting and historically has involved processes by which financial information about a business is recorded, classified, summarised, interpreted, and communicated; for public companies, this information is generally publicly-accessible. By contrast management accounting information is used within an organisation and is usually confidential and accessible only to a small group, mostly decision-makers. Tax Accounting is the accounting needed to comply with jurisdictional tax regulations.
Practitioners of accountancy are known as accountants. There are many professional bodies for accountants throughout the world. Many allow their members to use titles indicating their membership or qualification level. Examples are Chartered Certified Accountant (ACCA or FCCA), Chartered Accountant (FCA, CA or ACA), International Accountant (FAIA or AAIA),Management Accountant (ACMA, FCMA or AICWA), Certified Public Accountant (CPA) and Certified General Accountant (CGA or FCGA).
Auditing is a related but separate discipline, with two sub-disciplines: internal auditing and external auditing. External auditing is the process whereby an independent auditor examines an organisation's financial statements and accounting records in order to express an opinion as to the truth and fairness of the statements and the accountant's adherence to Generally Accepted Accounting Principles (GAAP), or International Financial Reporting Standards (IFRS), in all material respects. Internal auditing aims at providing information for management usage, and is typically carried out by auditors employed by the company, and sometimes by external service providers.
Accounting/accountancy attempts to create accurate financial reports that are useful to managers, regulators, and other stakeholders such as shareholders, creditors, or owners. The day-to-day record-keeping involved in this process is known as bookkeeping.
Accounting scholarship is the academic discipline which studies accounting/accountancy.
What are the benefits of Quickbooks Pro Advisor Accountancy Program?*
Q. Hi,Can any one let me know the benefits of Quickbooks Pro Advisor Program.Would joining the course will help to get the Job as Accountant.Is the organisations accept these qualifications for accountants in US and other countries.
Asked by Digitalphotographer80 - Sat Jun 17 14:01:16 2006 - - 2 Answers - 0 Comments
A. Since Quickbooks is the #1 software for small businesses, being specialized can not hurt. The pro advisor program is a pretty good deal and will only make you more valuable.A Pro Advisor does not necessarily have to be an accountant, nor do you have to be an Accountant in order to become a Pro Advisor.
Answered by Kimmers - Tue Jun 20 08:36:54 2006
Does anyone know how you become an exam marker for accountancy bodies?*
Q. I am interested in the UK accounting bodies.
Asked by vbzoom - Mon Nov 19 04:56:28 2007 - - 1 Answers - 0 Comments
A. The accounting exams, CPA and CMA, are national examinations administered by the AICPA and the Institute of Management Accountants. If yo qualify, you can volunteer to grade the exams. For example, to grade CPA exams, you have to be a CPA in good standing. Contact the AICPA and IMA.
Answered by Serge M - Mon Nov 19 08:06:11 2007
What's it like to work at Tenon (accountancy/financial services firm)?*
Q. Just curious if there is anything that makes them different than the rest of the tripe out there. They seem (and I say this cautiously) to care more about the individual than the rest of the firms who seem to want to brainwash you into becomming a "insert name of firm here" type of person.
Asked by MadgeLivesInMarbleArch - Tue Sep 4 16:41:15 2007 - - 1 Answers - 0 Comments
A. My best friend is a Director at Tenon. She's been extremely well looked after and is very well respected. I know she'd recommend them as an employer.
Answered by Away With The Fairies - Tue Sep 4 16:51:23 2007
00:00:00 Financial Research Analyst, London 60000 - 70000 p/a ...*
unknown
2008-07-11 19:21:43
The Role An exceptional Financial Research Analyst is required by a Financial Risk Management group. The role will be a combination of qualitative and quantitative research which ultimately leads to published research. ...
00:00:00 Accounts Administrator 15.00 - 17.00 p/hr City of ...*
unknown
2008-07-12 06:57:19
This Leading Investment Bank based in Canary Wharf seeks a graduate with high attention to detail, organised, strong written and communication skills and strong computer skills in Word and Excel. Duties include ...
Accountancy Assistant*
unknown
2008-07-08 05:32:17
We are looking for an experienced Accountancy Assistant to support the Head of Finance in the Environment, Culture and Communities department. This is an opportunity to broaden experience with a ...
