Recent Examples of accountant from the Web
Gulman is a 1993 Boston College graduate who worked as an accountant out of college for several years before moving into comedy full time.
Eventually, Stanton found a job as an accountant with Community College of Philadelphia.
Her accountant was also forced to sign a confidentiality agreement.
The girls learned to swim in Malawi -- often with hippopotamuses for company -- where their father Eric worked as an accountant.
That forced Foster, who finished his day as an accountant just hours earlier, to finish the game.
Logsdon is retired following a 35-year career as an accountant.
This gathering, which took place last week in Manhattan and was organized by Blockmatics, a research and education company, featured three accountants who specialize in cryptocurrency tax preparation.
In addition to Madame Chaminade, his secretary, and Jacqueline Lallemand, his accountant, there were Jacques Cayron and a Monsieur Hanché, who were his design associates.
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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