99 dollars per week The middle half of all accountants earned between $39,890 and $66,900 a year in 2004. The lowest-paid 10 percent earned less than $32,320. The highest-paid 10 percent earned more than $88,610 a year. Earnings of accountants depend on how long they have been working.

Average monthly will be about 50K for experienced managers

Ask others you know and trust who have similar needs to yours. If you are a business consultant, for example, and need advice not only on taxes but on what type of legal structure, ask others in your professional organizations who they use.

Do you belong to a chamber of commerce? Rotary? Consulting professional organization? Ask there.

Not only do you want to ask for referrals, but you also want to ask why they would recommend their CPA? Easy to communicate with? Thorough? Knowledgeable? Helpful with business advice?

Ask if they have ever had a problem with the CPA and how it was resolved.

Once you have three recommendations from trusted friends and colleagues, call and ask for an exploratory meeting. You should not pay for this...and you should not go in looking for free advice. This meeting is to see if you want to enter into a business relationship.

After three interviews with well-recommended CPA's you should be able to make a good choice.

Advantages:

There are lots of jobs available. Accountants were heavily recruited on my college campus.

You can work in almost any industry and any part of the country or world for that matter. The income is pretty good and there are many options of work structure available (i.e., part-time, full-time, self-employment, etc.)

You can study for the CPA exam and quickly elevate yourself to an "expert" (using that term loosely). Most of the general public don't realize that being certified as a CPA means you passed an 18 hour exam and you got a certificate based on that--whether you actually use it by being licensed in "public" accounting is another thing. If you do choose public accounting, you can do taxes, audit, or consulting and have clients that you work with (individuals or business).

Disadvantages:

The work itself can be tedious and boring if you are closing books or focusing primarily on financial reporting or some other routine that is the same each month. Doing financial analysis and project based work may be more rewarding for some people as there are some opportunities for more creativity.

The hours will defintely be long if you are working in public accounting as a tax accountant or auditor and they can be long in private industry if you are crunching on a deadline or it is budget season.

I am so sorry but I am not the person to be asking... But I think the job duties are.... Doing peoples taxes for money=]

What about keeping financial records, project future earnings, preparing financial reports and analyzing budgets.

In which performance areas you feel you could not meet the superior's expectations

accounting is the system of recording, verifying, and reporting of the value of assets, liabilities, income, and expenses in the books of account (ledger) to which debit and credit entries (recognizing transactions) are chronologically posted to record changes in value (see bookkeeping). Such financial information is primarily used bylenders, managers,investors, tax authorities, and other decision makers to make resource allocation decisions between and within companies, organizations, and public agencies. Accounting has been defined by the AICPA as "The art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof.

An intangible assset is an asset that is not physical in nature such as patents, trademarks, copyrights, business methodologies, goodwill and brand recognition.
An asset that is not physical in nature. Corporate intellectual property (items such as patents, trademarks, copyrights, business methodologies), goodwill and brand recognition are all common intangible assets in today's marketplace. An intangible asset can be classified as either indefinite or definite depending on the specifics of that asset. A company brand name is considered to be an indefinite asset, as it stays with the company as long as the company continues operations. However, if a company enters a legal agreement to operate under another company's patent, with no plans of extending the agreement, it would have a limited life and would be classified as a definite asset.

What is the name for reimbursement accounts for qualified medical and child care expenses?

A. cafeteria plans. B. deferred compensation plans. C. option plans. D. flexible spending accounts.

d

Generally accounting information systems are a computer-based system of tracking financial activity in a company, and presenting that transactions in a organized financial statement. Currently, accounting software can be purchased off the shelf, which is much cheaper than when it had to developed by the company.

Bookkeepers keep the financial records for the small businesses or companies, they are employed by one company and perform most or all of the financial bookkeeping for the business. Bookkeepers must stay apprised of employee work hours, sales, expenditures, payments and billable hours to ensure that the financial ledgers are accurate and the company is profitable. Although the job duties of a bookkeeper can vary from company to company, most bookkeepers are responsible for similar fundamental accounting tasks.

Duties of company auditor as given under companies act are as below:

1. Sec.227(1A): Under this Sec. it is the duty of the auditor to enquire:

a. Whether loans and advances given on security have been properly secured and the

terms & conditions on which they have been made are harmful to the interest of the

company.

b. Whether transactions which are represented merely by book entries in fact have

taken place and are harmful/prejudicial to the interest of the company. (E.g. In

books purchases were recorded for. In reality no such transaction has taken place.

The auditor's report should mention this fact).

c. Whether any of the assets of the company consisting of shares, debentures etc. have

been sold at a price less than the cost of such shares etc. (This is not applicable to an

investment company or a banking company). (This doesn't prohibit the sale below

cost. If the sale is bonafide and the price is reasonable having regard to the

circumstances of the case, need not be reported.)

d. Whether loans and advances made by the company have been shown as deposits.

e. Whether personal expenses have been charged as business expenses.

f. Where it is stated in the books of accounts that any shares have been allotted for

cash, then the cash has been actually so received. (DCA notification Shares

allotted

against a debt payable by the company shall be taken as 'shares allotted for cash').

Sec.227(2): Under this sec. it is the duty of the auditor to make a report whether, in his

opinion the financial statements give a true & fair view:

a. In the case of the B/s of

the financial position of the company at the end of the

financial year &

b. In the case of the profit and loss account of

the profit or loss for the year.

3. Sec.227(3): Under this sec. it is the duty of the auditor to state the following in his audit

report:

a. Whether he has obtained all the information and explanations which were necessary

for the purposes of his audit.

b. Whether the audit report on the financial statements of any branch office audited by a person other than the company's auditor has been forwarded to him and how he

has dealt with the same in preparing the auditor's report.

c. Whether the company's balance sheet and profit and loss account are in agreement

with the books of accounts and branch returns.

d. Whether any director is disqualified under Sec.274 (1) (g). (Sec.274(1)(g) A

person is

disqualified from being appointed as a director, if the company in which he is a

director has not filed the annual returns for any continuous 3 financial years Or has

failed to repay its deposit or interest thereon on due date Or redeem its debentures

on due date Or pay dividend and such failure continues for ≥ 1 year.)

e. In bold or in italics the observations of the auditors which have any adverse effect on

the functioning of the company.

f. Whether the cess payable under Sec. 441A has been paid and if not, the details of

amount of cess not so paid".

g. Whether, in his opinion, proper books of accounts, as required by law, have been

kept by the company and proper returns adequate for the purposes of his audit have

been received from the branches. Remember that the cost records prescribed under

Sec.209(1)(d) also from part of books of accounts.

h. Whether accounts give the information required by the act in the manner so required.

i. Whether in his opinion, the balance sheet and the profit and loss account comply

with the accounting standards referred to in Sec.211 (3C) of the Companies Act.

4. Sec.227 (4): Where any matters referred in Sec.'s 227(2) and 227(3) are answered in

negative, it is the duty of the auditor to state the reasons for such answers in his audit

report.

5. Sec.227(4A): It is the duty of the auditor to include in his report a statement on such matters

as may be specified by the C.G.Called

CARO, 2003 (Companies auditor's report order).

6. Other duties:

a. Duty to sign the auditor's report.

b. Duty to certify the prospectus & Duty to certify the statutory report.

c. Duty to attend audit committee meetings

how long do you have to go to school to become an accountant?

I say it depends on how your knowledge is going when your in college... Maybe 4-6 years.

Forensic accountants track a person's finances and financial dealings, like bank statements and records, credit card transactions, mortgages, assets, etc.

For example, if a man is murdered in what looks like a professional hit, a forensic accountant would search through all the bank statements and accounts of all the suspects, to see if any of them withdrew a large sum of money that could have been paid to the hitman.

Or, if a person is suspected of running a series of mortgage scams, it would be the forensic accountant's job to sift through the paperwork for any irregularities or wrongdoing. What they find would be used as evidence against the suspect.

Or, if it is discovered that an employee is embezzling from a company, it would be the forensic accountant's job to sift through all of the company's financial transactions, and figure out who the guilty person is, and exactly what they did. And again, this evidence would be used against the suspect at trial.

See the Related Link below for the Wikipedia entry on forensic accounting.

In a typical business office, anything from formal 3 piece suits to casual wear (nice button shirts, but with top button undone).

It is extremely varied - first depending on the type of services you need - ie tax preparation, management advisory services, bookkeeping, etc. Also, the rates will vary depending on the individual accountant's experience, expertise & geographic location.

they need accountancy A-levels, Maths (not very necessary), business , sociology (helps). That's it. You could do a deegree as well but this is all you need to be an accountant. A little experience also helps. Hope this helps bye

what are the responsibilities of a SENIOR EXECUTIVE of FINANCE / ACCOUNTS as a MBA Finance student with 2.5 yr Experience

The career aspirations for an accountant can vary for each accountant depending on where they are in their field. One may wish to become a CPA while another may aspire to become an accounting professor.

able to work alone and work with a team as well

This is s a great question and a perfect opportunity for you to really sell yourself. I would advise that you talk positively about yourself but making it relevant to the job you are applying for.

I would also suggest just briefly going back 5 years but focussing on your most recent experience.

It is also an opportunity to promote what you are really good at but never mention what you are not so good at or what qualifications/experience you do not have.

There is an article attached to this that may help you.

The amounts vary from country to country and on which designation you hold. However, in Canada for a Chartered Accountant starts at approx. $70,000 a year and, depending on exactly what they choose to do, can make upwards of $400,000 a year. It would be logical to assume that accountants in the US make a similar amount.

The process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information. It suggests accounting information is economic information.