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What is an examination usually by an accountant of financial records called?
Wiki User
∙ 13y ago
I think you may be looking for an AUDIT.
Wiki User
∙ 13y ago
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What are the differences among a CPA and an accountant and a bookkeeper?
A bookkeeper is a broad, basic job function in accounting usually without any formal education. By definition, it is someone who records the accounts or transactions of a business. The "books" refer to the financial records of a business whether actually kept in books or on computer software. The bookkeeper might also make bank deposits, balance accounts, handle payroll, prepare and send invoices, etc. Most business owners start out doing their own bookkeeping, but then defer to a professional accountant or CPA when it comes to taxes. An accountant is a general term for a formally educated professional who helps maintain financial records, analyzes financial records, and/or make sure taxes are paid properly. They may or may not be certified as a public accountant (CPA). An accountant has thorough knowledge of cash flow, owner's equity, balance sheets, chart of accounts, etc. and their effects on a business. A CPA (Certified Public Accountant) is a professional designation that's regulated by states. CPAs must maintain a certain amount of professionally logged hours per the state they are certified within. These logged hours help establish a measure of how reputable they can become and the levels of practice they may be offered to resolve. To become a CPA, you must pass the CPA exam. Not all accountants take the exam and not everyone who takes the exam passes. Typically: A bookkeeper cannot do the same work as an accountant or a CPA, BUT an accountant and a CPA can do bookkeeping. An accountant cannot do the same work as a CPA, BUT a CPA can do accounting.
Which companies offer financial amd mangerial accounting?
Financial and managerial accounting is usually performed by small, independent accountants or by the accounting department of a large company. To find an accountant, check the local Yellow Pages.
What is an attestation engagement audit?
are definde as those in which a practitioner (accountant) is engaged to issue or does issue an examination, a review , a compilation, or an agreed upon procedures report on subject matter, that is the responsibility of another party (usually management).
How many days does an accountant work in a week?
An accountant usually works 5 days in a week; but if is a tax accountant, around tax time, works 7 days per week.
How many years can you depreciate a Copier?
Look in your financial statement completed by your accountant, you should have depreciation % by category in the notes. If a copier doesn't have it's own category, you could include it with your hardware and/or computer depreciation. Usually it's around it's useful life expectancy. I would guess around 5 years but check with your accountant.
What is the difference between accountant and auditor?
An accountant prepares a company's financial statements and reports. They provide a company with its economic situation. An auditor is usually an independent examiner who reviews a company's financial records.
What is auditioning?
auditing is the examination of financial statements by an independent certified public accountant as to the fairness with which the financial statements are prepared.
What is the highest salary a Chartered Accountant can earn?
There are some chartered accountant that make over $200,000 per year. The ones that make this much are usually chief financial officers of companies.
Who is in charge of the state financial records of the state?
Usually he/she is called the treasurer. Secretary of State is in charge for the public records of the state
What are the differences among a CPA and an accountant and a bookkeeper?
A bookkeeper is a broad, basic job function in accounting usually without any formal education. By definition, it is someone who records the accounts or transactions of a business. The "books" refer to the financial records of a business whether actually kept in books or on computer software. The bookkeeper might also make bank deposits, balance accounts, handle payroll, prepare and send invoices, etc. Most business owners start out doing their own bookkeeping, but then defer to a professional accountant or CPA when it comes to taxes. An accountant is a general term for a formally educated professional who helps maintain financial records, analyzes financial records, and/or make sure taxes are paid properly. They may or may not be certified as a public accountant (CPA). An accountant has thorough knowledge of cash flow, owner's equity, balance sheets, chart of accounts, etc. and their effects on a business. A CPA (Certified Public Accountant) is a professional designation that's regulated by states. CPAs must maintain a certain amount of professionally logged hours per the state they are certified within. These logged hours help establish a measure of how reputable they can become and the levels of practice they may be offered to resolve. To become a CPA, you must pass the CPA exam. Not all accountants take the exam and not everyone who takes the exam passes. Typically: A bookkeeper cannot do the same work as an accountant or a CPA, BUT an accountant and a CPA can do bookkeeping. An accountant cannot do the same work as a CPA, BUT a CPA can do accounting.
Which companies offer financial amd mangerial accounting?
Financial and managerial accounting is usually performed by small, independent accountants or by the accounting department of a large company. To find an accountant, check the local Yellow Pages.
What is Bcom financial sciences?
It is the Bachelor of Commerce Degree you study in order to start your path as a Chartered Accountant. (Usually 3 years, followed by a Honours year then followed by articles)
What is an attestation engagement audit?
are definde as those in which a practitioner (accountant) is engaged to issue or does issue an examination, a review , a compilation, or an agreed upon procedures report on subject matter, that is the responsibility of another party (usually management).
Where does an accountant work indoors or outdoors?
Usually indoors.
How many days does an accountant work in a week?
An accountant usually works 5 days in a week; but if is a tax accountant, around tax time, works 7 days per week.
What does a book keeper usually do?
A bookkeeper is responsible for recording financial transactions, keeping track of accounts payable and accounts receivable, and producing financial statements like balance sheets and income statements. They help ensure that a company's financial records are accurate and up-to-date.
How many years can you depreciate a Copier?
Look in your financial statement completed by your accountant, you should have depreciation % by category in the notes. If a copier doesn't have it's own category, you could include it with your hardware and/or computer depreciation. Usually it's around it's useful life expectancy. I would guess around 5 years but check with your accountant.
