American Institute Of Certified Public Accountants - AICPA


DEFINITION of 'American Institute Of Certified Public Accountants - AICPA'

The non-profit professional organization of certified public accountants in the United States. The American Institute of Certified Public Accountants was founded in 1887, under the name American Association of Public Accountants, in order to ensure that accountancy gained respect as a profession and that it was practiced by ethical, competent professionals. The AICPA exists to provide more than 370,000 members with the resources, information and leadership to provide CPA services in the highest professional manner.

BREAKING DOWN 'American Institute Of Certified Public Accountants - AICPA'

Members of the American Institute of Certified Public Accountants represent professionals in business and industry, public practice, government and education. Offices are located in New York City; Washington, D.C.; Durham, N.C.; Ewing, N.J.; and Lewisville, Texas. The AICPA is integral to rule-making and standard-setting in the CPA profession, and serves as an advocate before legislative bodies and public interest groups.

  1. Balance Sheet

    A financial statement that summarizes a company's assets, liabilities ...
  2. Financial Statements

    Records that outline the financial activities of a business, ...
  3. Accounting

    The systematic and comprehensive recording of financial transactions ...
  4. Generally Accepted Accounting Principles ...

    The common set of accounting principles, standards and procedures ...
  5. Certified Public Accountant - CPA

    A designation given by the American Institute of Certified Public ...
  6. Accountant

    A professional who performs accounting functions such as audits ...
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  1. How does the Fair Accounting Standards Board (FASB) regulate deferred tax liabilities?

    The Financial Accounting Standards Board (FASB) requires that deferred tax liabilities be recognized whenever there is a ... Read Full Answer >>
  2. What are the objectives of financial accounting?

    Financial accounting is the process by which an organization's transactions are collected, measured, recorded and presented. ... Read Full Answer >>
  3. Can working capital be depreciated?

    Working capital as current assets cannot be depreciated the way long-term, fixed assets are. In accounting, depreciation ... Read Full Answer >>
  4. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  5. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
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    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>

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