Accountancy (profession) or accounting (methodology) is the measurement, disclosure or provision of assurance about information that helps managers and other decision makers make resource allocation decisions. Financial accounting is one branch of accounting and historically has involved processes by which financial information about a business is recorded, classified, summarized, interpreted, and communicated. Auditing, a related but separate discipline, is the process whereby an independent auditor examines an organization's financial statements and accounting records in order to express an opinion—that conveys reasonable but not absolute assurance—as to the truth and fairness of the statements and the accountant's adherence to Generally Accepted Accounting Principles, in all material respects. At the heart of accounting is the measurement of financial transactions which are transfers of legal property rights made under contractual relationships. Non-financial transactions are specifically excluded due to conservatism and materiality principles.

Practitioners of accountancy are known as accountants. There are many professional bodies for accountants throughout the work. Many allow their members to use titles indicating their membership. Examples are Chartered Accountant and Certified Public Accountant.

Accountancy attempts to create accurate financial reports that are useful to managers, regulators, and other stakeholders such as shareholders, creditors, or owners. The day-to-day record-keeping involved in this process is known as bookkeeping.

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Career Corporate Tax Senior: Our client is a successful major accounting firm with a Strong presence across the Sou... http://bit.ly/4uJdz9
TaxationJobs (Taxation-Jobs) Wed, 23 Dec 2009 17:29:07 -0000
Career Corporate Tax Senior: Our client is a successful major accounting firm with a Strong presence across the Sou... http://bit.ly/4uJdz9
Now that CBO has exposed the Madoff style HCR accounting fraud, who will the Dems be touting as their new "credible" auditor?
Fogdood (Jim Knouse) Wed, 23 Dec 2009 17:29:00 -0000
Now that CBO has exposed the Madoff style HCR accounting fraud, who will the Dems be touting as their new "credible" auditor?
Accounting?? RT @thisfishy: Wonderi Subscribe to Accounting RSS feed