Accountant

                              
What is an "Accountant"


  An accountant is a professional person who performs accounting functions such as audits or financial statement analysis Accountants can either be employed with an accounting firm, a large company with an internal accounting department, or can set up an individual practice. Accountants are given certifications by national professional associations, after meeting state-specific requirements, although non-qualified persons can still work with other  accountants,



Breaking Down "Accountant"


  Accountants must follow by the ethical standards and guiding principals of the region where they practice such as IFRS  or GAAP The most common accounting designations are Chartered Accountants (CA), Certified Management Accountants (CMA), and Certified General Accountants (CGA). Other Designations include Certified Internal Auditor (CIA), Public Accountant (PA), and Certified Public Accountant (CPA). A Certified Internal Auditor doesn't need to receive any license in order to practice, and neither do Certified Management Accountant.


History
   The first professional association for accountants, the American Association of Public Accountants, was formed in 1887, and CPA’s were first licensed in 1896 when cost accounting, and accounting in general became of real importance. It grew as a profession during the industrial revolution as businesses grew and shareholders and bondholders who weren’t necessarily a part of the company but were monetarily invested wanted to know more about its financial well being. 
  After the start of the Great Depression and the formation of the Securities and Exchange Commission (SEC), the agency required all publicly traded companies to issue reports written by accredited accountants. Since the turn of the 19th century and the reforms put in place the Great Depression, accountants are a ubiquitous and large part of any business. 


评论

  1. Christal2017年5月18日 06:33

    This blog gives us a definition of accountant, and tells us the history of accountants. I know that the first professional association for accountants was an American association.

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  2. Unknown2017年5月18日 06:43

    The main topic is accountant of your blog. And you talk about the concept of accountant and its history. Your blog can give me a deep influence on accountant.

    回复删除

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