accountant


accountant
a qualified person who is skilled at managing and analysing business financial records. Glossary of Business Terms

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accountant ac‧coun‧tant [əˈkaʊntnt] noun [countable]
a professional person whose job is to keep and check the financial records of an organization, or to advise clients on tax and other financial matters:

• People setting up in business on their own really need to employ an accountant.

word focus - accountant
Accountancy ; = Accounting AmE is the profession or work done by an accountant. A bookkeeper is someone whose job is to make an official record of all the money received into and paid out of a business. This activity is called bookkeeping. An auditor is a specialist accountant who carries out an audit, which is a check on the truth and honesty of a company's accounts (= records showing money coming into and going out of a business ) . Auditors are independent, not employees of a company whose accounts they are checking. In the US, auditors check to see if a company's accounts obey the Generally Accepted Accounting Principles ( GAAP), a set of rules about how things should be shown in financial records. Accountants in many other countries, including countries in the European Union, use a similar set of accounting standards called the International Financial Reporting Standards (IFRS). After the introduction of the Sarbanes-Oxley Act in 2002, all US public companies must send a yearly report to the Securities and Exchange Commission showing that the financial accounts are correct and true in every detail.
ˌcertified acˈcountant
in Britain, an accountant who is a member of the Association of Certified Accountants and is therefore allowed by law to officially check a company's accounts
ˌcertified ˈmanagement acˌcountant abbreviation CMA
in the US, an accountant who has passed examinations and is a member of the Institute of Management Accounting of the National Association of Accountants
ˌcertified ˈpublic acˌcountant abbreviation CPA
in the US, an accountant who is a member of the American Institute of Certified Public Accountants and who holds a licence from the State to work as an accountant
ˌchartered acˈcountant
in Britain, an accountant who has spent time working for a fully qualified accountant and has passed all the examinations set by the institute
ˌchartered ˈcertified acˌcountant
an accountant who is a member of the Association of Chartered Certified Accountants, and can do many kinds of accounting work including Auditing and making financial forecast S
ˌchief acˈcountant
the highest-ranking accountant in a large organization
ˈcost acˌcountant also ˈmanagement acˌcountant
an accountant who examines the costs relating to different parts of a business and the cost of producing different products or services rather than doing accounting for formal, legal, or tax requirements:

• The cost accountant needs to advise on whether the product can be supplied at the target price.

foˈrensic acˌcountant
an accountant who is trained to investigate illegal financial activity:

• Government agencies like the FBI and the Internal Revenue Service have forensic accountants who investigate everything from money laundering to arson for profit.

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accountant UK US /əˈkaʊntənt/ noun [C]
a person or company whose job is preparing the financial records of people, companies, or organizations: »

According to figures compiled for accountant KPMG, year-on-year the negative trading statements were down 10%

See also CERTIFIED MANAGEMENT ACCOUNTANT(Cf. ↑certified management accountant), CERTIFIED PUBLIC ACCOUNTANT(Cf. ↑certified public accountant), CHARTERED ACCOUNTANT(Cf. ↑chartered accountant), CHARTERED CERTIFIED ACCOUNTANT(Cf. ↑chartered certified accountant), COST ACCOUNTANT(Cf. ↑cost accountant), FORENSIC ACCOUNTANT(Cf. ↑forensic accountant)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Accountant — Occupation Names Accountant qualified accountant professional accountant chartered accountant Activity sectors business Description …   Wikipedia

  • accountant — I noun bookkeeper, calculator, certified public accountant, chartered accountant, clerk, reckoner, recorder, registrar, statistician II index comptroller Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • accountant — Under Title 11 U.S.C. Section 101: (1) The term accountant means accountant authorized under applicable law to practice public accounting, and includes professional accounting association, corporation, or partnership, if so authorized. United… …   Glossary of Bankruptcy

  • Accountant — Ac*count ant, n. [Cf. F. accomptant, OF. acontant, p. pr.] 1. One who renders account; one accountable. [1913 Webster] 2. A reckoner. [1913 Webster] 3. One who is skilled in, keeps, or adjusts, accounts; an officer in a public office, who has… …   The Collaborative International Dictionary of English

  • accountant — [n] person who maintains financial accounts of a business actuary, analyst, auditor, bookkeeper, calculator, cashier, clerk, comptroller, CPA, examiner, public accountant, reckoner, teller; concepts 348,353 …   New thesaurus

  • accountant — [ə kount′ nt] n. a person whose work is to inspect, keep, or adjust accounts: see CERTIFIED PUBLIC ACCOUNTANT …   English World dictionary

  • Accountant — Ac*count ant, a. Accountable. [Obs.] Shak. [1913 Webster] …   The Collaborative International Dictionary of English

  • accountant — (n.) mid 15c., accounting officer, one who renders accounts, from O.Fr. acuntant (Mod.Fr. accomptant), from prp. of accompter (see ACCOUNT (Cf. account)). Sense of professional maker of accounts is recorded from 1530s. The word also was an… …   Etymology dictionary

  • accountant — auditor, *bookkeeper …   New Dictionary of Synonyms

  • accountant — ► NOUN ▪ a person who keeps or inspects financial accounts …   English terms dictionary


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