Accounting. What is an Accounting? Accounting is an information system designed by an organization to capture the financial condition and performance.

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Presentation transcript:

Accounting

What is an Accounting? Accounting is an information system designed by an organization to capture the financial condition and performance then report it to decision makers both inside and out. Simple term- Accounting is the “Language of Business” Accountant is someone who is skilled in accounting practices whether for a company or an individual.

Two Types of Accoutants? CPA-Financial (Certified Public Accountant)-An individual who has passed the uniform CPA examination administered by the American Institute Of Certified Public Accountants, and who has received state certification to practice accounting. CMA-Managerial (Certified Management Accountant)-accredited professional who handles all aspects of management accounting. Management accounting includes cost analysis, economic forecasting, and quality control.

Areas of Work CPA (Certified Public Accountant) 1. Public Accounting 2. Large Accounting firm 3. Government Agencies 4. IRS(Internal Revenue Service) Responsibilities Auditing Taxation Consulting CMA (Certified Management Accountant) 1. Private Accounting 2. Private or Public Company 3. Nonprofit organizations 4. Government Agencies Responsibilities Cost Analysis Economic Forecasting Quality Control

Examples of Companies CPA- Certified Public Accountant Public Accounting This is where you don’t work for one set individual but as and accountant for numerous individuals Large Accounting firm Coopers & Lybrand Ernst & Whinney Deloitte Haskins & Sells Arthur Andersen Price Waterhouse Government Agencies FBI CIA EPA IRS(Internal Revenue Service) Auditors Financial Services CMA- Certified Management Accountant Private Accounting Like working for a individual as their personal accountant. Private or Public Company Working in a Company in the Accounting Department Nonprofit organizations Charity Anybody using surplus revenue to expand Government Agencies FBI CIA EPA

Modeling CMA- Certified Management Accountant watch?v=yCUT0OSzEyo CPA- Certified Public Accountant watch?v=ODlZ5ddj- PQ&feature=fvsr