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Accountancy

Accountancy (profession) or accounting (methodology) is the measurement, disclosure or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies. The terms derive from the use of financial accounts.Accounting is the art of measuring, communicating and interpreting financial activity. Accounting is also widely referred to as the "language of business".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; for public companies, this information is generally publicly-accessible. By contrast management accounting information is used within an organization and is usually confidential and accessible only to a small group, mostly decision-makers. Tax Accounting is the accounting needed to comply with jurisdictional tax regulations.Practitioners of accountancy are known as accountants. There are many professional bodies for accountants throughout the world. Many allow their members to use titles indicating their membership or qualification level. Examples are Chartered Certified Accountant (ACCA or FCCA), Chartered Accountant (FCA, CA or ACA), Management Accountant (ACMA, FCMA or AICWA), Certified Public Accountant (CPA) and Certified General Accountant (CGA).Accounting scholarship is the academic discipline which studies accounting/accountancy

History of accounting

Accountancy's infancy dates back to the earliest days of human agriculture and civilization (the Sumerians in Mesopotamia), when the need to maintain accurate records of the quantities and relative values of agricultural products first arose. Simple accounting is mentioned in the Christian Bible (New Testament) in the Book of Matthew, in the Parable of the Talents (Matt. 25:19). The Islamic Quran also mentions simple accounting for trade and credit arrangements (Quran 2: 282).

Accountancy qualifications and regulation-The expectations for qualification in the profession of accounting vary between different jurisdictions and countries. Accountants may be certified by a variety of organizations or bodies, such as the Association of Accounting Technicians (AAT) [2], British qualified accountancy bodies including Association of Chartered Certified Accountants (ACCA) and Institute of Chartered Accountants, and are recognized by titles such as Chartered Certified Accountant (ACCA or FCCA) and Chartered Accountant (UK, Australia, New Zealand, Canada, India, Pakistan, South Africa), Certified Public Accountant (Ireland, Japan, US, Singapore, Hong Kong(see Accountancy in Hong Kong), the Philippines), Certified Management Accountant (Canada, U.S.), Certified General Accountant (Canada), or Certified Practicing Accountant (Australia). Some Commonwealth countries (Australia and Canada) often recognize both the certified and chartered accounting bodies. The majority of "public" accountants in New Zealand and Canada are Chartered Accountants; however, Certified General Accountants are also authorized by legislation to practice public accounting and auditing in all Canadian provinces, except Ontario and Quebec, as of 2005. There is, however, no legal requirement for an accountant to be a paid-up member of one of the many Institutes and other bodies which are effectively a form of professional trade union. Unlike the Law Society, which can legally stop a solicitor from practicing, accountancy institutes do not have such authority. However, auditors are regulated.The "Big Four" accountancy firms. PricewaterhouseCoopers, KPMG, Deloitte Touche Tohmatsu ,Ernst & Young. lean accounting ,auditing ,bookkeeping ,chartered accountant ,cost accounting ,management accounting ,financial accounting ,forensic accounting ,taxation advice ,public accountancy, private accountancy ,internal accountancy ,external accountancy. acountancy,Learn Accountancy, SCHOOLS Accountancy, COLLEGES Accountancy, INSTITUTES Accountancy Coaching Accountancy, Masters Accountancy, Doctorate Accountancy, Postgraduate Accountancy, Useful Accountancy, University Accountancy, Scholarships Accountancy, Programme Accountancy, Phd Accountancy, Jobs Accountancy, Work Accountancy, Careers Accountancy, Information Accountancy, Information Accountancy, Courses Accountancy, Guidance Accountancy, Graduate Accountancy, Higher Studies in Accountancy. acountency

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