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Chartered Accountants

Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants (formed 1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception. The title is an internationally recognised professional designation.

Chartered Accountants work in all fields of business and finance. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.

Chartered Accountants Institutes require members to undertake a minimum level of continuing professional development to stay ahead of their peers. They facilitate special interest groups - lead academic and professional thinking in accountancy. They provide support to members by offering advisory services, technical helplines and technical libraries. They offer opportunities for professional networking and career and business development.

In the United States the approximate equivalent is the certified public accountant.

Key concepts
Accountant Ã‚· Accounting period Ã‚· Bookkeeping Ã‚· Cash and accrual basis Ã‚· Constant Item Purchasing Power Accounting Ã‚· Cost of goods sold Ã‚· Debits and credits Ã‚· Double-entry system Ã‚· Fair value accounting Ã‚· FIFO & LIFO Ã‚· GAAP / International Financial Reporting Standards Ã‚· General ledger Ã‚· Historical cost Ã‚· Matching principle Ã‚· Revenue recognition Ã‚· Trial balance
Fields of accounting
Cost Ã‚· Financial Ã‚· Forensic Ã‚· Fund Ã‚· Management Ã‚· Tax
Financial statements
Statement of Financial Position Ã‚· Statement of cash flows Ã‚· Statement of changes in equity Ã‚· Statement of comprehensive income Ã‚· Notes Ã‚· MD&A
Auditing
Auditor’s report Ã‚· Financial audit Ã‚· GAAS / ISA Ã‚· Internal audit Ã‚· Sarbanes–Oxley Act
Accounting qualifications
CA Ã‚· CCA Ã‚· CGA Ã‚· CMA  Ã‚· CPA
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List of institutes of Chartered Accountants










 


From Wikipedia, the free encyclopedia : Chartered Accountants
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