Accountant

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DEFINITION of 'Accountant'

A professional person who performs accounting functions such as audits or financial statement analysis. Accountants can either be employed with an accounting firm, a large company with an internal accounting department, or can set up an individual practice.

BREAKING DOWN 'Accountant'

Accountants must abide by the ethical standards and guiding principals of the region where they practice such as IFRS or GAAP. The most common accounting designations are CA, CMA and CGA. The type of educational background and designation that an individual has will determine their professional duties.

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RELATED FAQS
  1. How are debit notes to help collect on a debt?

    A debit note is used to reduce the amount of a vendor's accounts payable account or to increase the amount of a customer ... Read Full Answer >>
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    All publicly-traded companies are required to provide financial statements, including a balance sheet, cash flow statement ... Read Full Answer >>
  3. What is the difference between IAS and GAAP?

    To answer this question, we must first define what IAS and GAAP are, in order to get a better grasp of the function they ... Read Full Answer >>
  4. What are some examples of general and administrative expenses?

    In accounting, general and administrative expenses represent the necessary costs to maintain a company's daily operations ... Read Full Answer >>
  5. How do dividend distributions affect additional paid in capital?

    Whether a dividend distribution has any effect on additional paid-in capital depends solely on what type of dividend is issued: ... Read Full Answer >>
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