Investopedia explains 'Accounting'
The reports generated by various streams of accounting, such as cost accounting and management accounting, are invaluable in helping management make informed decisions. While basic accounting functions can be handled by a bookkeeper, advanced accounting is handled by qualified accountants who possess designations such as CPA (Certified Public Accountant) in the United States, or CA (Chartered Accountant)/CGA (Certified General Accountant)/CMA (Certified Management Accountant) in Canada. All accounting designations are the culmination of years of study and rigorous examinations, combined with a minimum number of years of practical accounting experience.
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