Chartered Accountant

Therefore, if you are studying accounting in college you should have an idea of kind of accounting field you wish to enter. There is a quote that said, “CPA is always an accountant, but not all accountants are CPA.” Hence, there are a number of accountants who never pass the CPA exam and though they can perform a variety of accountancy task, they are not allowed to perform certain tasks that only a CPA can do. Hence, no matter if you are, a certified accountant or not you there will be a place for you in the accounting field. The larger companies will go out and hire a CPA (Certified Public Accountant) in order to maintain some form ethics within the company. However, the small businesses might hire an accountant to perform duties as a managerial accounting, cost accounting, and financial accounting.

The profession of accounting is a one that is highly regulated, due to the knowledge and power each accountant possesses. Although an accountants duties differ from one position to the next, the main sectors that accountants pursue are auditing or taxation. Auditing is ensuring the public that the information listed on the financial statements of public companies is free of material misstatements. While taxation is helping people or companies file their tax returns to the federal government or offering tax advice. In the world of auditing, you either follow the Public Company Accounting Oversight Board (PCAOB), for public company audits, or the American Institute of Certified Public Accountants (AICPA), for other entities

Qualifications: there are a number of qualifications you need to undertake the career of an accountant. Core knowledge areas needed are accounting systems and processes, financial accounting, and management accounting these are essential for a career in accounting. Other areas of knowledge are optional so you don’t have to do them but they would help you pursue your career in accounting. Things such as commercial law, corporation’s law, accounting information systems and more. The career of accounting is available through a bachelor of commerce. Different types of accountants have to attend different subjects because they need some subjects

347 U.S. 483 Argued December 9, 1952 Reargued December 8, 1953 Decided May 17, 1954 APPEAL FROM THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF KANSAS* Syllabus Segregation of white and Negro children in the public schools of a State solely on the basis of race, pursuant to state laws permitting or requiring such segregation, denies to Negro children the equal protection of the laws guaranteed by the Fourteenth Amendment -- even though the physical facilities and other "tangible" factors of white and Negro schools may be equal. (a) The history of the Fourteenth Amendment is inconclusive as to its intended effect on public education. (b) The

First of all, that they have one accountant who plays the role of both Treasurer and Controller is an area of great risk. The Controller and Treasurer are meant to play opposite roles in which they provide oversight and checks and balances to

One of the most misunderstood job positions in the United States is accounting. Accounting is often described as a dull job that requires a mastery in crunching numbers. Despite accountings misconceptions, it is often considered one of the most satisfying jobs. One particular accounting title, Certified Public Accountant (CPA), is one of the most popular qualifications accountants seek out. To organize and represent CPAs, the American Institute of CPAs (AICPA) was formed. Today, AICPA is informing the public about accounting and uses the slogan “Start Here, Go Places.”

In a typical corporation there are two divisions, Treasurer’s and Controllers offices that manage the finance function. The Treasurer’s Office is responsible for managing the firm’s cash and credit, its financial planning, and its capital expenditures. The

Forensic accountants plan, implement and oversee complex auditing investigations that support litigation activities. They analyze paper and digital bank, financial and business records. They use database tools to extract and summarize quantitative data that is transformed into financial models that are used in litigation. They also research and analyze qualitative data relevant and provide reports summarizing the results. Forensic accountants conduct quality reviews on previous and current work projects to ensure data accuracy and integrity is maintained. Forensic accountants are usually Certified Public Accountants (CPAs) or Certified Fraud Examiner (CFEs). They must have expert knowledge of common fraud schemes and data analysis techniques. They also need to have the demonstrated ability to manage

Bureau of Labor Statistics. (2014).Accountants and Auditors. Occupational Outlook Handbook (2014-15 ed.). Retrieved from http://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm

The CFO or chief financial officer oversees three directors: a human resource director, senior director or controller, director of accounting, and all receptions. He or she is basically over day to day operations on the business side of the business; handling finical problems paying bills and overseeing the employees of the company. Another depart that helps and is on the same operational side of the franchise is the Operations and Information department. Which is ran by a vice president, that oversees; technology, operations, risk management, and has a staff accountant.

However, one person acting as accountant, treasurer and controller places an imbalanced access to the companies invoice process, ordering process, check cashing process, and he alone decides what of these activities gets recorded in the Company books. We recommend that two other employees be assigned the respective Treasurer and Controller duties.

I agree many of accountants skills are used to keep track of business records much like scorekeepers at gaming events. I also agree most people have some form of accounting background like balancing a checkbook, paying taxes or reporting some form of income. Much like financial accountants if we do not do taxes or report our income we could get audit by the IRS.

According to the case study, "Managing Costs and Revenues at Happy Town Neurology," in order to receive a promotion an individual must demonstrate the ability to plan, organize and direct the functional structure within that department. The neurology clinic offers its employees opportunities for assistant to the chief financial officer who has been with the company for in this case is interested in a position asked by the CFO to produce a cash flow budget and a report that is needed to acquire a loan for the hospital. In order, for the assistant to accomplish the goal assigned; she will need assistant from the controller. The controller is the chief accounting officer who manages the finance department and generates portfolios that are essential for capital fund acquisition (Buchbinder & Shanks, 2012). Moreover, the controller manages the accounting function and performance, which includes navigating the third party risk-based model procedure.

Certified members enjoy a lot of benefits hence making it very crucial to be a member of the association if one performs payroll assignment in a firm. The benefits that an accountant enjoys after being certified by the association include; They can practice payroll job as well as its management anywhere across the world since they meet all the requirements for being a payroll manager (American Payroll Association, 2004). It makes them more qualified hence attracting employers who are able to pay them well. Finally, certified members of APA can open their own consultancy firm for payroll administration since they are licensed to practice payroll

A specialized accountant’s main duty is to “analyze, interpret, summarize, and present complex financial and business related issues in a manner that is both understandable and properly supported.” (Business Courier) They are commonly engaged in public practices, or in insurance companies, banks, police departments and other government agencies.