Recent Examples of accountant from the Web
In dissent, Justice Stephen Breyer said the government in many cases requires doctors, lawyers, landlords, accountants and others to make disclosures to their clients and patients.
The Boise businessman and accountant was most recently elected to the school board in 2012, before stepping into statewide politics to twice run for governor.
Catalan citizens, accountants and bankers by day, spend their leisure time performing in wildly exuberant street processions.
In theory, those two factors should combine to unleash a wave of robust pay raises for everyone from construction crews, teachers, accountants and hotel clerks to engineers, janitors, butchers, baristas and even summer interns.
The city does not have enough accountants and lacks adequate technology to keep track of its money properly, Tuesday’s report concluded.
The idea is simple, in theory: get some outsiders (1,200 accountants and some big-name firms) to scrutinize the books to identify where the money goes.
Hoskins, a former BBC accountant and previously Imagem’s head of finance, says Concord looked beyond Imagem’s pop holdings to the potential in its musical theater and classical copyrights.
According to Debtwire, a data provider, corporate bankruptcies generated $1.3bn in fees in 2016, with lawyers taking home over half, and the rest going to consultants, accountants and financiers.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'accountant.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Origin and Etymology of accountant
Financial Definition of ACCOUNTANT
What It Is
An accountant is trained to compile, inspect, interpret, and/or report financial statements and tax returns that comply with governmental and regulatory authority requirements.
How It Works
Accountants often work in a company's accounting department, at an auditing firm, or in a private practice. Regardless of where they work, an accountant's work generally revolves around recording, measuring, and presenting financial information.
In a company's accounting department, accounting functions often include billing customers, collecting payment, paying vendors and employees, reconciling bank accounts, calculating and remitting taxes, and correctly recording transactions among subsidiaries and ventures. They also include creating budgets, setting spending policies, and making or participating in major business decisions.
Audit work includes verifying a company's financial information, helping a company determine the appropriate accounting treatment for complex transactions, and providing public opinions about the quality of a company's accounting records. Accountants in private practice may provide bookkeeping services for small companies, prepare tax returns for companies and individuals, or offer consulting services for certain types of transactions or industries.
Many accountants seek certifications to evidence their attainment of certain levels of professional competence. These certifications include Certified Professional Accountant (CPA), Certified Management Accountant (CMA), and Certified Internal Auditor (CIA). Some accountants also specialize in certain areas of accounting, such as tax accounting, oil and gas accounting, forensic accounting (bankruptcy), or international accounting.
Why It Matters
Although people often refer to accountants as "bean counters" who focus on the smallest details, accountants have the rare advantage of being able to understand both the details of each area of a company and the big picture. This broad and deep knowledge is why CEOs often come from the ranks of accounting and finance.
Effective accountants must be able to solve problems creatively and analyze information to gain insight into situations. They must also be able to persuasively discuss and defend their views, stay abreast of new e-commerce and software technologies, manage projects and deadlines, and have the confidence to make recommendations and policies that affect an entire organization. Above all, successful accountants are good communicators, act ethically, and rigorously follow the law and accounting rules.
It is very important to understand that not all accountants are CPAs. CPAs are licensed by the states in which they practice. To become a CPA, an accountant must complete a formal program of study at a college or university, pass the Uniform CPA Examination administered by the American Institute of Certified Public Accountants, and have a certain amount of related work experience. Each state's board of accountancy determines the exact requirements in each of these three areas. In some states, only CPAs can perform certain accounting functions. The Securities and Exchange Commission also requires that only CPAs perform certain functions.
Each state board of accountancy requires its CPAs to keep current on accounting rules and practices by taking Continuing Professional Education (CPE) courses each year. Each board determines how many CPE credits a CPA in that state must obtain each year and what activities warrant these credits.
ACCOUNTANT Defined for English Language Learners
Definition of accountant for English Language Learners
: someone whose job is to keep the financial records of a business or person
ACCOUNTANT Defined for Kids
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