Definition of Accountant
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" An accountant is that professional who does the accounting work such as financial , cost , and management accounting . Historically , accounting was more concerned with the classification and description of transactions in the business . "
Explanation of Accountant
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Professional accountants are highly educated individuals who typically have a C.A. or Postgraduate in Commerce or management and are employed by companies or corporations . They spend the majority of their time working on analysis of financial statements , although they quite often have other duties such as auditing , recording or aiding in the operation of tax treatment .
Modern Accountants
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Contrary to classical image of an old accountant who was busy to make accounts on ledger register and fully large number of paper work , it is very rare for a modern professional accountant to use manual accounting ledgers . Modern accountant spend relatively little time at recording - most spend analysis and summarizing of accounting data and financial statement analysis and help to company in their financial management . He also becomes fully computer technical and aware all new and advance accounting software by them he can records billions of transactions in just one moment . He is also expert in Internet investigation and collects all useful accounting information .
Professional accountants also participate different seminars and teaches new fresher account assistants to get new and advance accounting knowledge .
In USA professional accountants are called Certified public accountant ( CPA ) . For becoming CPA in USA , it is necessary to pass CPA examination . This examination is taken by the American Institute of Certified Public Accountants . Result is declared on grade basis .
In USA , there are also other way to become professional accountants except CPA .
2. Certified Internal Auditors ( CIA )
CIA are also professional accountants rank . But for becoming CIA , students have to pass examinations in four parts . Examination is taken by Institute of Internal Auditors ( IIA ).
3. Certified Management Accountants ( CMA)
CMA are also professional accountants rank . They have to pass the examination conducted by Institute of Management Accountants in four parts .
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" An accountant is that professional who does the accounting work such as financial , cost , and management accounting . Historically , accounting was more concerned with the classification and description of transactions in the business . "Explanation of Accountant
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Professional accountants are highly educated individuals who typically have a C.A. or Postgraduate in Commerce or management and are employed by companies or corporations . They spend the majority of their time working on analysis of financial statements , although they quite often have other duties such as auditing , recording or aiding in the operation of tax treatment .
The number of professional accountants in the India is actually quite large . Amateurs accountants are very ambitious , who have own accounting skills and want to utilization for maximization of companies' profit .
Modern Accountants
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Contrary to classical image of an old accountant who was busy to make accounts on ledger register and fully large number of paper work , it is very rare for a modern professional accountant to use manual accounting ledgers . Modern accountant spend relatively little time at recording - most spend analysis and summarizing of accounting data and financial statement analysis and help to company in their financial management . He also becomes fully computer technical and aware all new and advance accounting software by them he can records billions of transactions in just one moment . He is also expert in Internet investigation and collects all useful accounting information .Professional accountants also participate different seminars and teaches new fresher account assistants to get new and advance accounting knowledge .
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Accountants in USA
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1. Certified public accountant ( CPA )
In USA professional accountants are called Certified public accountant ( CPA ) . For becoming CPA in USA , it is necessary to pass CPA examination . This examination is taken by the American Institute of Certified Public Accountants . Result is declared on grade basis .
In USA , there are also other way to become professional accountants except CPA .
2. Certified Internal Auditors ( CIA )
CIA are also professional accountants rank . But for becoming CIA , students have to pass examinations in four parts . Examination is taken by Institute of Internal Auditors ( IIA ).
3. Certified Management Accountants ( CMA)
CMA are also professional accountants rank . They have to pass the examination conducted by Institute of Management Accountants in four parts .
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Accountants in India
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But in India , there are also two ways , First is to clear the examination of Chartered Accountants which is taken by ICAI . Second is graduate degree with computer accounting course . Many companies prefer post graduate in commerce or management in finance . But M.Com. or MBA students can not audit the company accounts , only C.A. or for cost audit Cost Accountant from ICWAI are eligible to audit the company accounts .
Who Hires Accountants?
After becoming accountant , large number of small and large companies can hire you. They need accountant to maintain their records. You can also find job of accountant in banks, schools, colleges, insurance companies and NGOs in India and out of India. Experienced Accountant finds also jobs in government sector. From time to time , government agencies issue the notification for the post of accountants in national employment news.
Responsibilities of Accountant
Full-time: $40,000 to $80,000+ in USA
Rs.10000 to Rs. 60000 + in India
The above range may differ according to job responsibilities, the size and type of employer, supply and demand of accountants in a given geographic area.
But in India , there are also two ways , First is to clear the examination of Chartered Accountants which is taken by ICAI . Second is graduate degree with computer accounting course . Many companies prefer post graduate in commerce or management in finance . But M.Com. or MBA students can not audit the company accounts , only C.A. or for cost audit Cost Accountant from ICWAI are eligible to audit the company accounts .
Who Hires Accountants?
After becoming accountant , large number of small and large companies can hire you. They need accountant to maintain their records. You can also find job of accountant in banks, schools, colleges, insurance companies and NGOs in India and out of India. Experienced Accountant finds also jobs in government sector. From time to time , government agencies issue the notification for the post of accountants in national employment news.
Responsibilities of Accountant
- To record all the transactions of business organisation.
- To prepare financial statements.
- To analyze and interpret the financial statements.
- Responsibility relating to Tax treatment.
- To solve specific business problem.
- To give advice about how can company increase profit, sale and customers.
- To communication complex financial information in the form of written reports.
- To do work as the member of team.
- To calculate the cost of products and estimate the sale price.
- To maintain the budget and control the variances.
- To manage cash, fund, bank balance, debt and capital.
- To research in the field of accounting .
- To do internal auditing .
Full-time: $40,000 to $80,000+ in USA
Rs.10000 to Rs. 60000 + in India
The above range may differ according to job responsibilities, the size and type of employer, supply and demand of accountants in a given geographic area.
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