Get Excellence In Each Financial Task With Accountant New York

admin — Fri, 17 Jul 2009 19:00:03 +0000

Get Excellence In Each Financial Task With Accountant New York

As accounting is considered as measurement and communication of financial and economic data, it involves all major tasks that represent flow of cash inside or outside the organization. Accounting is as old as money itself; whenever money flows in term of services of currency a transaction takes place and that is why accounting is needed to record the transaction in a systematic format. The process of accounting is still in an evolutionary process and it will last till money is there. As accounting refers to the discipline of recording and classifying the monitory events of an organization, an efficient individual is needed to analyze and categorize the data according to requirement. Person who takes care of accounting task is accountant, a qualified and proficient professional who contributes chiefly in growth of any organization. New York is the ultimate destination to find variety of talents and that is accountant New York are also the preferred choice of every business interested in outsourcing it?s accounting task.

Are you worried as the tax session is approaching? If yes then stop worrying and have a look accountant New York, you will definitely find solution for your accounting hassles. Accounting is the language efficiently employed to understand cash flow; an efficient accountant not only understand the complex terminology of this language but also plays with its term to make your balance sheet more delighting. It is now well recognized that accountant New York is the master of accounting terminology who can make everyone?s tax session hassle free. During the tax session, a well-organized financial recording system can prove to be the biggest help as it makes every required information easily available. An accountant New York that you hire keeps the massed up data in a systematic books of ledger and journal. Journal and ledger books are the basic information providers to prepare annual financial statement for assessing tax.

The primary role of an accountant is to record and process the data in accounting system. He is liable to handle operational and non-operational accounting data; operational data constitutes great deal of cash flow whereas not operational records are stable and updated annually. Organizations that have poorly managed operational records repent for it as they tally records for tax assessment or annual report preparation. Similarly, other muddled financial records can portray a wrong image of that organization. If you are a business owner and want to entrust your accounting tasks to someone reliable and efficient then accountant New York is your ultimate destination.

Accountant New York is committed to maintain accuracy and privacy of your confidential data. With him, you can be rest assured that your accounts are in safe and professional hands that will take care of every financial activity carefully. Now you can sit at ease even during the tax session as accountant New York is there to accomplish every task in minutes. For finding an efficient accountant New York, you can take help of internet as there you can easily search for an accounting service provider.

About the Author:

Peter Terry has extensive knowledge about bookkeeping and knows the importance of this for running a successful business.To know more about Accountant New York ,NYC bookkeepers,Bookkeepers New York visit http://www.nycbookkeepers.com/

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Bookkeepers And Accountants Choose Double Entry Bookkeeping For Accuracy

admin — Wed, 15 Jul 2009 15:15:04 +0000

Bookkeepers And Accountants Choose Double Entry Bookkeeping For Accuracy

Submitted By: Terry Cartwright

Double entry bookkeeping stretches back centuries perhaps even as early as the 12th century and is now accepted worldwide as the accounting standard to be employed by all companies in recording the financial accounting records. The first written explanation of the accounting system was reportedly by a Venetian mathematician Luca Pacioli towards the end of the 15th century.

The accounting industry has grown somewhat since then and today contains many technical words known but largely ignored by non accountants. The understanding and desire to understand accounting terms is further confused by the banking industry while adopting double entry bookkeeping as standard use what appears to be diametrically opposed terms in the presentation of information to their customers.

In accounting terms an asset such as money in the bank is a debit balance while bank customers are told if they have money in the bank it is a credit balance. This arises because what the bank is really saying is when a customer has money in the bank that the balance represents a creditor to the bank as it owes the customer money and is a creditor in the banks books. Hence the bank describes the balance as a credit balance.

The simplest way to understand double entry bookkeeping is the understanding that every financial transaction has a double effect. One effect is to change the profit and loss of the business with sales income increasing the financial profit and purchases reducing the financial profit. While the double entry is that every profit and loss transactions also has a balance sheet effect in either increasing assets or increasing liabilities.

In more complex accounting areas such as journal entries or bank transactions both sides of a transaction may have no impact on the profit and loss account as both sides of the double entry effect the value of balances in the balance sheet. For example when a creditor is paid the bank balance reduces and the amount owed by the business reduces by the same amount.

The greatest value of double entry bookkeeping to a business is its ability to show in numerical terms the profitability of the business to generate improved financial performance and management while also producing a statement of assets and liabilities. These factors are important to accountants too although the greatest benefit to an accountant is that because every transaction has an equal and opposite entry a mathematical check can be produced to ensure all financial transactions have been recorded accurately.

This mathematical balance is when all the financial accounts into which the financial transactions have been entered are listed and added up and if all transactions have been entered correctly the total is zero. This is called the trial balance.

The function of accounts clerks and bookkeeper is to record the prime documents such as sales invoices and purchase invoices into the financial ledgers. Cash and bank records must also be entered. And for every entry made there must also be the opposite entry into the business financial ledgers such as sales ledger, purchase ledger and bank.

Accounting software is basically a database of these financial transactions that automates the double entry enabling a single transaction to be entered once by the user but create the second entry in the company financial accounts. Using accounting software which all but the smallest companies adopt as a standard business tool ensures greater accuracy and usually produces a self balancing trial balance since the accounting software always produces a second equal entry to the one being input to the financial system.

The task of an accountant is first of all to ensure the prime documents are entered accurately and then interpret the results produced by the trial balance into financial statements and reports in a format that aids the financial management of the business and ensure those financial figures also represent a true and fair view of the financial position.

Limited companies must produce a balance sheet under various financial acts and submit the balance sheet to both Companies House and the tax authority each year. Different rules apply to a limited company as opposed to self employed business because the accounts including the balance sheet are public records available to the members of that company and not necessarily the property of a single individual or partnership.

Self employed business in the UK are not compulsory required to produce a balance sheet and consequently may choose to operate a single entry bookkeeping system rather than double entry. By adopting a single entry system the self employed business has less financial control over the assets and liabilities although this is often not a problem as the self employed in smaller businesses often know exactly what the individual assets and liabilities of the business are.

In smaller businesses that may not have adopted accounting software it is a common practise for the bookkeeper to maintain day books.

A sales day book would be a simple list of sales invoices issued and by recording against those financial transactions the sales receipts as they are received the sales day book effectively becomes a sales ledger in that it shows the debtor balance owing to the company.

A purchase day book would be a list of purchase invoices received and by recording on the purchase day book the amounts paid to each creditor that day book effectively becomes the purchase ledger.

About the Author:

Terry Cartwright designs Payroll and Accounting Software http://www.diyaccounting.co.uk with UK payroll software for 1 to 20 employees at http://www.diyaccounting.co.uk/payroll.htm

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Why Your Small Business Needs An Accountant

admin — Sun, 12 Jul 2009 21:00:03 +0000

Why Your Small Business Needs An Accountant

Submitted By: Edward Singleton

Accounting is an important aspect of any business, regardless of the size of the business. Keeping your accounting in proper order should be a top priority. If you are like most business owners, you probably have trouble maintaining the accounts and tax paperwork yourself. If this is the case, then you need an accountant to handle the accounting aspects of your business. This will free up your time to perform other tasks to help your business run efficiently. Last-minute problems, especially during tax season can be stressful and frustrating. You may find at tax time that some of your account balances are incorrect. This happens a lot with small businesses. A professional that specialises in small business accounting can correct these mistakes and prevent them in the future.

Most new entrepreneurs are unaware of how important accounting is to their business, and they end up with some major errors, due to poor record-keeping or incorrect accounting methods. Many business owners are simply unorganised, making it impossible to accurately track business finances. Some just do not have the time to keep track of financial records. The solution to these problems is to hire an accounting firm that specialises in small business accounting services.

When choosing a firm, examine its credentials, and explore its services to help you decide if the firm is right for your business. Don’t hire the first firm you come across. What is suitable for one business may not be suitable for another. Consult with the accountant about your specific needs. Once you’ve hired a firm, you can hand over your accounting to him, and you no longer have to worry. However, keep track of the work that is being done, and check from time to time to make sure your business accounts are being properly maintained. Share all your questions and concerns with the accountant.

Some businesses hire accountants on a long-term basis to keep the company financials in order year-round. In many cases, it is more efficient and affordable to hire a bookkeeper to handle day-to-day financial operations. Other businesses only use accountants yearly to prepare tax returns. Bookkeepers cannot legally prepare tax returns for a business. You may want to prepare your taxes yourself, but hiring an accountant to file tax returns is a wise choice because these tax professionals know how to maximise the number of tax deductions for their clients and how to organise financial documents such as receipts.

The main reason for hiring an accountant is that it is the easiest way to have your financial records put in order and your tax returns completed. Most accountants guarantee their work and complete it in a timely manner, so there’s really no reason to not hire one. Instead of spending hours sorting through your company finances, pick up your phone and schedule an appointment with a local accounting firm. Remember, time equals money, and you may find that the hours you save by hiring an accountant is well worth the cost.

Article Tags: accounting, business, tax

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Do You Need A Tax Accountant?

admin — Thu, 09 Jul 2009 23:00:03 +0000

Many taxpayers believe filing taxes is a time consuming, boring and complex chore. A good tax accountant can be the perfect option. Tax accounting software has also become an option for simplifying this annual task for do it yourselfers. Even the IRS offers a large amount of taxpayer resources to those that choose to file tax returns themselves. However, even with all of these resources filing ones own taxes is still not always that easy.

Tax accounting software is popular in small firms and appears to be sufficient for personal income tax filing. This an affordable option to hiring a tax accountant. Though, to properly use tax accounting software, you must have the basic knowledge of accounting principles, tax codes and take the time to learn how to use the software. This is not easy as well as time consuming and is why a tax accountant can never be displaced by software or a machine.

It must also be taken into account that tax laws and codes tend to be complicated, with rules and guidelines that seem contradictory. Not to mention they are ever changing. When a bill passes in Congress there is a potential the bill will have an effect on tax laws. This is the reason that large corporations usually have large teams of tax accountants. However, you do not have to be a large corporation to realize the benefits of a tax accountant.

The tax accountant performs tasks such as tax planning and filing tax returns. With the objective of tax savings and seeking the minimum tax liability, a large portion of the time spent by a tax accountant is doing tax research. They also analyze budgets and gather other financial information in order to provide the best tax consultation.

For the individual or business that desires to pay as little taxes as possible, a tax accountant can make that possible by offering you expert tax advice and detailed tax planning.

You may need a tax accountant if you started doing your own taxes and got stressed, confused or found the process consumed too much time. If you have a tax problem, such as filing back taxes, a tax debt, or an IRS audit a tax accountant can be the remedy to your problems.

If you have a complicated or complex tax situation that requires expert tax advice or tips, you live outside the United States, have investments in stocks or bonds, own rental property, or run a business you may find that you will benefit greatly from the services of a tax accountant.

A tax accountant can be a Certified Public Accountant(CPA), Enrolled Agents(EA’s) or Tax Attorneys. An Enrolled Agent is a professional that has passed IRS administered tests and background checks. Their specialty is usually complex tax issues. CPA’s are accountants that have passed the comprehensive CPA exam and are licensed by the state. They will specialize in one area. However, all CPA’s do not specialize in tax issues. Tax Attorneys are lawyers that specialize in tax law. Most tax accountants will be experts in a specific area of taxation for example Trusts and Estates, investments etc.

If you look at your tax situation and conclude that professional tax help will benefit you, a tax accountant can give you expert tax advice, tax planning and representation. Their job is tax planning and helping the client legally pay a minimum of taxes. Use your due diligence in finding a tax accountant in your area.

Get rid of the confusion and stress of taxes, get more information and help on Tax Accountants as well as other resources related to tax preparation and tax resolution at Tax Preparation Help here: http://www.tax.totalinfoguide.com

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TurboTax Versus Your Accountant: Which is Better?

admin — Tue, 07 Jul 2009 11:30:04 +0000

I practice public accounting in a Seattle suburb. Around this time of year, that means I get lots of calls from people who need a tax return prepared or some tax question answered.

One of the most common questions is, ?Can I get by with something like TurboTax (from Intuit) or TaxCut (from H & R Block)??

The Case for Tax Software

My usual recommendation? Most people can and should use a tax software program like TurboTax. The programs should be easy to use if you?ve got computer experience. Especially after the first year you use the software.

The programs are also really good at catching the usual errors. And they easily handle the most common tax questions or problems that the individual tax payer is likely to encounter.

What?s more, the price is right. Tax return preparation fees vary by region and the skill of the tax accountant. But just to give you an example, I charge close to $400 for a typical individual tax return.

In comparison, you can often find tax preparation software selling for between $25 and $50. That?s a huge savings compared to an accountant.

The Exceptions to the Rule You Should Use Tax Software

In a handful of special cases, tax software (in my opinion) isn?t as good a choice. Specifically, I recommend people spend the extra money on a good enrolled agent or certified public accountant in two situations:

Special Circumstance #1: You?ve got carry-forwards for things like capital losses, alternative minimum taxes, or passive suspended losses.

In each of these cases, to prepare this year?s tax return, you need to grab data from previous year?s tax returns. Accountants and professional tax software like your accountant uses track these carry-forward items extremely carefully.

In comparison, many tax payers don?t know which items need to be carried forward. TurboTax and TaxCut, by the way, do know. And as long as you keep using the same software on the same computer, you should be okay.

However, if you get a new computer and forget to transfer your tax files or if you bungle the file transfer, you could lose thousands of dollars of tax savings.

Special Circumstance #2: You?ve got more than one tax return to prepare. For example, you?ve got both a business tax return (like an S corporation, limited liability company or partnership return) to prepare and you?ve also got your individual tax return to prepare.

In this case, you should consider the business return when you prepare the individual return. And vice versa?you should consider the individual return when you prepare the business return.

As good as the tax software programs are, the programs can?t know as you?re preparing one tax return about the other returns you?ll need to prepare as well. And that lack of insight means the tax software can?t recommend tax accounting choices on one return that let you minimize the taxes you?ll pay on another return.

In comparison, a good accountant will consider your individual tax liability as he or she makes accounting choices on your business return. The accountant, for example, will consider your individual tax bill when depreciation methods are selected on the business return.

Seattle CPA Stephen L. Nelson has written more than 150 books, including the bestseller Quicken for Dummies. Formerly an adjunct tax professor at Golden Gate University, Nelson also edits the do-it-yourself limited liability company and s corporation web sites.

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Wealth - What Do a Scientist, a Business Woman and a Senior Accountant ALL Have in Common?

admin — Sat, 04 Jul 2009 14:15:04 +0000

No. This isn’t some riddle. The Scientist, the Business Woman and the Senior Accountant have all reviewed a book called “How to Save $1000’s and Increase Your Net Wealth” and unanimously given it the “two thumbs up.” In fact, they have been glowing in its praise. Let’s see what YOU think…

Here are some snippets of what these very well educated and intelligent people have said about this book:

The Scientist, an incredibly intelligent lady whose Christian name is Svetlana said this:

“… (snip) this book is about the attitude towards money and a wonderful source of motivation for those who want to change their financial destiny and develop a wealth mindset. It pinpoints the major sources of money drain and it shows strategies how to eliminate or minimize it… (snip)”

The Business-Woman, Cheri, had this to say:

“… (snip) What I really love about this book is that it is about the basics. I have a firm belief that the basics are being taught haphazardly if at all, and the result is the overwhelming debt load individuals are carrying. This book allows anyone to understand his or her own situation. If that understanding creates a devastating picture, then it?s none too soon!… (snip)”

And the Senior Accountant, Steven, said the following:

“… (snip) one thing I have never paid attention to is the creating of my own personal wealth. Reading this book and following the exercises I was shocked at the miserable state of my own financial affairs. Through the use of the examples and exercises in this book, I have started to turn that around! As I mentioned above, I have just purchased a house, and I’m on the way to generating some serious assets! … (snip)”

These are REAL people, not some phonies. Their full names, where they live and their personal information can be examined at a link that I will give you below. You can also read their FULL comments at that web link.

Now, consider this - do you think that a Scientist, a Business Woman and an Accountant would be able to discern good knowledge when they found it?

The Scientist and the Senior Accountant have spent years and years at universities studying the best knowledge available in their respective fields. The Business Woman did not get to where she is in life by taking BAD advice.

These people HUNT information. They ACT on it. They PROFIT from it. Do you? Well, DO YOU?

When you are able to create wealth for yourself you will find it very empowering. There is no better feeling than teaching yourself to become independently wealthy.

Unlike any other time in world history everything is becoming more and more expensive. You don’t need me to tell you that. You KNOW it. The reality is this - an increasing number of people are competing for a limited amount of resources (eg food, water, land, fuel, homes). Simple economics tells us that the prices charged for those resources simply have to go up.

Because you are going to need more and more money every year just to live, what are you currently doing to create wealth for yourself?

Let me tell you this… you’d better have a plan. If you don’t you will just fall victim to those who DO understand the power of wealth creation. In essence, you will become the pawn in THEIR wealth plan. Think on that before you try to justify your unwillingness to educate yourself in a wealth building program.

Gary Simpson operates the Turn Debt Into Wealth website. To read the full text of what the accountant, the business woman and the scientist said about this book go here: “How to Save $1000’s and Increase Your Net Wealth.”

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Are Ethics Important For Professional Accountants?

admin — Thu, 02 Jul 2009 00:45:03 +0000

Ethics in professional accountancy are of utmost importance. Now as the business and financial world is adopting international accounting and auditing standards, it is becoming all the more necessary to adhere to certain Code of Ethics prescribed by international and national accountancy bodies. Before arguing in favour of the topic, let?s have a look at some basic concepts:

Profession

A profession is an occupation that requires extensive training and the study and mastery of specialized knowledge, and usually has a professional association, ethical code and process of certification or licensing; for example engineering, medicine, social work, teaching, law, finance, the military, nursing and Accountancy etc. Classically there were only three professions: military, medicine and law. Each of these professions holds to a specific code of ethics and members are almost universally required to swear some form of oath to uphold those ethics, therefore ?professing? to a higher standard of accountability. Each of these professions also provides and requires extensive training in the meaning, value and importance of its particular oath in practice of that profession.

Accountant

Practitioner of Accountancy is known as Accountant. Accountant, Qualified Accountant, Professional Accountant or Accountancy Practitioner is a legally certified accountancy and financial expert. Accountants not only work in public practice but many of them are working within private corporations, in financial industry and in various government bodies. Accountancy (profession) or accounting (methodology) is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities, lenders and other stakeholders and decision makers to make resource allocation and policy making decisions.

Like many other professions there are many professional bodies for accountants throughout the world. Some of them are legally recognized in their jurisdictions such as British qualified accountants including Chartered Certified Accountant (ACCA or FCCA), Chartered Accountant (CA, ACA or FCA), Canadian qualified accountants such as Chartered Accountant and Certified General Accountants (CA or CGA) and American qualified Accountants such as Certified Public Accountants (CPA) etc. Some other statutory and non-statutory accountancy qualifications are Certified Management Accountant (CMA), Associated Cost and Management Accountant (ACMA), Certified Financial Analyst (CFA) and Certified Fraud Examiner (CFE) etc.

In Pakistan, the Institute of Chartered Accountants of Pakistan is the sole professional and accountancy body with the right to award the Chartered Accountant designation. ICAP is the member of IFAC (International Federation of Accountants, IASB (International Accounting Standards Board), Confederation of Asian & Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA). The members of ICAP have reached to 4,089 as of March 1, 2007 data.

Role of Professional Accountants:

Accountants are independent business advisors. Accountants can offer an extensive range of services. Accountants can be registered auditors, can set up client?s accounting systems, can be an advisor on tax planning, or a detector of frauds and embezzlements, can do budgeting and financial statement analysis, advise clients on financing decisions, provide specialist knowledge and can help maintaining an ethical environment.

After discussing the basic concepts and role of professional accountants we are in a better position to ponder on what professional ethics is and why it is important in the field of accountancy.

Definition of Ethics

The word ?Ethics? is derived from the Ancient Greek word ethikos, the adjective of ethos, means customs and habits. A major branch of philosophy which is the study of values and customs of a person or group and covers the analysis and employment of concepts such as right and wrong, good and evil and do?s and don?ts.

Code of Ethics:

In the context of a code adopted by a profession or by a governmental organization to regulate that profession, an ethical code may be styled as a code of professional responsibility, which may dispense with difficult issues of what behaviour is ?ethical?. A code of ethics is often a formal statement of the organization?s values on certain ethical and social issues relating to the profession and practice of the professional knowledge. This also includes the principles and procedures for specific ethical situations.

Ethics in Professional Accountancy:

The general ethical standards of society apply to people in professions such as medicine, law, nursing and accountancy etc just as much as to anyone else. However society places even higher expectations on professionals. People need to have confidence in the quality of the complex services provided by professionals

Ethics in accountancy profession is of utmost importance to accounting professionals and to those who rely on their services. Stakeholders including clients, credit grantors, governments, taxation authorities, employees, investors, the business and financial community etc perceive them as highly competent, reliable, objective and neutral people. Professional accountants therefore, must not only be well qualified but also possess a high degree of professional integrity. Because of these high expectations, professionals have adopted codes of ethics; also known as codes of professional conduct. These ethical codes call for their members to maintain a level of self-discipline that goes beyond the requirements of laws and regulations. Each of the major professional association for accountants has a code of ethics.

As mentioned earlier, professional accountants can be of two types. One who work in firms or independently run those firms that provide accounting, auditing and other advisory services to clients; these are called public practitioners. Others are those who are employees of organizations and may serve as internal auditors, management accountants, financial managers and financial analysts. Regardless of the role of accountants they are adhered to code of ethics which are applied to their professional conduct although there are some special provisions for those in public practice [Reference: Code of Ethics for Professional Accountants-International Federation of Accountants (IFAC)].

International Federation of Accountants-IFAC:

The International Federation of Accountants (IFAC) is a federation of all accountancy bodies throughout the world. All the major international and national associations like ACCA, AICPA, ICMA, ICAP, IASB etc are all its member organizations. The mission of IFAC, as set out in its constitution, is ?the worldwide development and enhancement of an accountancy profession with harmonized standards, able to provide services of consistently high quality in the public interest? [Ref: Code of Ethics for Professional Accountants-IFAC]. In pursuing this mission, the IFAC Board has established the IFAC Ethics Committee to develop and issue, under its own authority, high quality ethical standards and other pronouncements for professional accountants for use around the world. The Code of Ethics establishes ethical requirements for professional accountants. A member body or firm may not apply less stringent standards than those stated in this Code.

The objective of setting this code of conduct is to harmonize these standards and practices on a global perspective. Public can only trust these highly professionals when it is made mandatory to observe and follow strict regulations and codes throughout the world. A professional accountant is required to comply with the following fundamental principles mentioned in this Code of Ethics:[Ref: Section 100.4 Code of Ethics for Professional Accountants]

? Integrity: A professional accountant should be honest and straightforward in all professional and business relationship.
? Objectivity: A professional accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgments.
? Professional Competence & Due Care: A professional accountant has a continuing duty to maintain professional knowledge and skills at the level required to ensure that a client or employer receives competent professional service. A professional accountant should act diligently and in accordance with applicable technical and professional standards when providing professional services.
? Confidentiality: A professional accountant should respect the confidentiality of information acquired as a result of professional and business relationships and should not disclose nay such information to third parties without proper and specific authority unless there is a legal or professional right or duty to disclose. This information should not be used for personal advantage by professional accountant.
? Professional Behaviour: A professional accountant should comply with relevant laws and regulations and should avoid any action that discredits the profession.

Code of Ethics defined in ?Members Handbook? for members of ICAP Pakistan is in conformity with:
? IFAC Code of Ethics and International Auditing Standards
? International Accounting Standards
? The Institute of Chartered Accountants of Pakistan ? ICAP
? Relevant legislation

[Ref: Members Handbook-ICAP]

This Code of Ethics has discussed in detail the role of Chartered Accountants in given situations. For example there are clear directives on prohibition of acceptance of gifts, long association with clients, advertising of firm?s name exceeding prescribed limits, holding client?s monies for no sound reason, disclosure of client?s records (except ones that are allowed), acceptance of fees offered by client which is less than that prevailing in market etc.

After discussing in detail the importance of ethics in accounting profession, we are to conclude the topic with this final note that accountancy as a profession is acceptable and relied upon only when ability to exercise professional judgment based on a foundation of ethics; broad but deep technical excellence and strategic awareness are exercised by a professional accountant. Only then general public can trust the integrity of this profession.

The Author is an ACCA student and is working for United Nations Population Fund, Peshawar Pakistan

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A Productivity Profile - The Accountant

admin — Mon, 29 Jun 2009 07:15:04 +0000

A productivity profile is an overview of some main characteristics of… in this case the accountant. We are all productive but each in a different way and only a few characteristics determine a productivity profile. Think about a profile as a caricature which is designed around the most striking features of a persons’ face.

One of the characteristics of an accountant is that you will need him or her (most) at the end of the year. When the business of that particular year is finished and all data is gathered it is up to the accountant to present an overview. Often the overview is there and the accountant checks for inconsistencies.

One of the innovations that brought the Balanced Score Card is that financial results and expectations are not longer enough to drive a business. Now is the accountant not responsible for the financial results, but he is able to influence them.

Often, productivity is centered around a product. Even for a marketing campaign you need a product like for example a commercial. The productivity role of the accountant however is not associated with a product but is to do with matching the various needs of stakeholders in a business process. The main stakeholder for the accountant is obviously the company itself (CFO). Yet from incidents like Enron we know that the second stakeholder is the fiscal authority or government, represented by law. So the main characteristic of the account?s productivity is to find that match that is still acceptable by fiscal laws and optimized for the company?s financial requirements.

For more about productivity visit: http://www.astorwhite.com/What_is_my_productivity_profile.php

? 2007 Hans Bool

Hans Bool is the founder of Astor White a traditional management consulting company that offers online management tools. Have a look at some of our free management tools

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Executive Accountant Search

admin — Sat, 27 Jun 2009 05:15:07 +0000

A bad hire can cost you a lot of money and waste you a lot of time. You do not want to make a mistake in hiring a prospective employee. As much as possible you want to get it right the first time. This is especially true if you are looking for someone to fill in the crucial position of an executive accountant to handle the money, the lifeblood of your company.

What to look for

In hiring an executive accountant, qualifications and certifications are absolutely necessary. It is best to go with a highly experienced accountant. It is very important that the candidate should possess integrity and honesty. There are a lot of malpractice cases filed against accountants who are incompetent and you would not want to have this experience. Make sure that the prospective employee has no criminal record in previous work experiences.

Where to search

Executive searches allow for millions of resumes to be made available for viewing. The databases compiled by the executive search firms are far-reaching and very extensive. These databases are designed to allow very specific searches that will bring you to a narrower list of candidates according to your requirements. This gives a very convenient and highly optimal result in the process of searching for the perfect candidates for your executive accountant. You can search using specific criteria such as location, age, work experience, skills, and so on, and can even provide a question for the candidate to be answered online. You can read the answers through email. One of the best and unique features of this type of search is that you can search anytime and anywhere as long as there is an Internet connection. Executive search firms charge a fee for company registration and access to their databases, but it is comparably small considering the valuable information that you can have access to. Remember, it is best to spend now while hiring than spending money on someone who will turn out to be not suitable for your company. Getting the best and most suitable candidate is a priceless investment.

Executive Search provides detailed information on Executive Search, Executive Search Firms, Executive Job Search, Executive Search Software and more. Executive Search is affiliated with Free Job Descriptions.

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Trainee Accounting Jobs - Could You Be A Graduate Accountant?

admin — Wed, 24 Jun 2009 20:30:04 +0000

As an accounting trainee, you would be working with an accountant who is CCAB qualified, who would be in essence your mentor for the field of accountancy. The vast majority of accounting jobs in the UK state that the organization is looking for CCAB-qualified accountants. As a trainee, you could land a job with an organization to train in accounting while you were going to school for accounting to get some hands on experience.

Trainee accounting jobs are quite plentiful within the UK because of the vastness of accounting jobs throughout the area. While accounting may seem boring to some, there is still a need for new, young accountants to enter the field, which is why CCAB-qualified accountants are taking new people under their wings as trainees?to keep a steady flow of accountants who are CCAB-qualified in the ranks.

In the UK, there are different levels of accountants:

Chartered Certified Accountant: A member of the Association of Chartered Certified Accountants whose designation letters would read ACCA or FCCA.

Chartered Accountant: A member of either the Institute of Chartered Accountants in England and Wales, with designation letters of ACA or FCA, the Institute of Chartered Accountants in Scotland with designation letters of CA, The Institute of Chartered Accountants in Ireland with designation letters of ACA or FCA, or any recognized equivalent body from another commonwealth country, such as Canada.

Chartered Management Accountant: A member of the Chartered Institute of Management Accountants, with designation letters of ACMA or FCMA.

Chartered Public Finance Accountant: A member of the Chartered Institute of Public Finance and Accountancy with designation letters of CPFA.

International Accountant: A member of the Association of International Accountants with designation letters of AIAA or FAIA.

Authorized Public Accountant: A member of the Association of Authorized Public Accountants with designation letters of AAPA.

Incorporated Financial Accountant: A member of the Institute of Financial Accountants with designation letters of FFA or AFA.

Trainee accounting jobs can be found within any of these accounting practices and will depend on where the trainee is specializing their accounting skills.

In addition to the above mentioned bodies, the Association of Accounting Technicians, the Certified Accounting Technician and International Accounting Technicians offer training and support to their members in accountancy skills.

In addition to schooling, accountants in the UK must hold practicing certificates.

There?s no limit to trainee accounting jobs in the UK, many are posted in newspapers and online for the upcoming accountants who are looking to gain some experience.

Hugo Reyes works for Insurance Jobs one of the UK’s top Insurance recruitment job boards. They offer vacancies across in the industry including Trainee Accountants and other Accountancy Jobs.

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