0_Wizard
I work as an accountant, where I measure, process, and communicate financial information about economies to my employer and its clients.
Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.
chosen_Accounting_0
Accounting
chosen_topic_0_Accounting
South African labour law
South African labour law regulates the relationship between employers, employees and trade unions in the Republic of South Africa. The Native Labour Regulations Act 1911 prohibited strikes by trade unions, introduced wage ceilings and a pass system for moving around jobs. Over 70,000 Chinese labourers were brought in, and used by landowners to undercut the wages of other workers. Among white workers, there was significant unrest, and major strikes took place in 1907, 1913, 1914 and 1922  For a period of sixteen years, from 1979 to 1995, several critical developments occurred in the field of labour law in South Africa, beginning with a radical change in the first of these years, when a significant Commission of Enquiry was held, resulting in the establishment of an Industrial Court, which was given extensive powers to mould, change, shape and develop the law.
Accounting
Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Panama Papers
The Panama Papers are 11.5 million leaked documents that detail financial and attorney–client information for more than 214,488 offshore entities. The documents, some dating back to the 1970s, were created by, and taken from, Panamanian law firm and corporate service provider Mossack Fonseca, and were leaked in 2015 by an anonymous source. The documents contain personal financial information about wealthy individuals and public officials that had previously been kept private. While offshore business entities are legal (see Offshore Magic Circle), reporters found that some of the Mossack Fonseca shell corporations were used for illegal purposes, including fraud, tax evasion, and evading international sanctions.
Institute of Chartered Accountants of India
The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament (acting as the provisional Parliament of India) to regulate the profession of Chartered Accountancy in India. ICAI is the second largest professional Accounting & Finance body in the world. However, the rapid growth and autonomy of the ACCA in the early 2000s, soon made ICAI the third largest in terms of membership, the first being the ACCA. ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India.
United Kingdom labour law
United Kingdom labour law regulates the relations between workers, employers and trade unions. People at work in the UK benefit from a minimum charter of employment rights, which are found in various Acts, Regulations, common law and equity. This includes the right to a minimum wage of £7.50 for over 25-year-olds under the National Minimum Wage Act 1998. The Working Time Regulations 1998 give the right to 28 days paid holidays, breaks from work, and attempts to limit excessively long working hours. The Employment Rights Act 1996 gives the right to leave for child care, and the right to request flexible working patterns.
Going concern
A going concern is a business that functions without the threat of liquidation for the foreseeable future, usually regarded as at least within 12 months. It implies for the business the basic declaration of intention to keep running its activities at least for the next year, which is a basic assumption to prepare financial statements considering the conceptual framework of the IFRS. Hence, the declaration of going concern means that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations. The going concern assumption is universally understood and accepted by accounting professionals; however, it has never been formally incorporated into U.S GAAP.
Regulation S-X
Regulation S-X is a prescribed regulation in the United States of America that lays out the specific form and content of financial reports, specifically the financial statements of public companies. It is cited as 17 C.F.R. Part 210; the name of the part is "Form and Content of and Requirements for Financial Statements, Securities Act of 1933, Securities Exchange Act of 1934, Public Utility Holding Company Act of 1935, Investment Company Act of 1940, Investment Advisers Act of 1940, and Energy Policy and Conservation Act of 1975". Regulation S-X and the Financial Reporting Releases (Staff Accounting Bulletins) set forth the form and content of and requirements for financial statements required to be filed as a part of (a) registration statements under the Securities Act of 1933 and (b) registration statements under section 12, annual or other reports under sections 13 and 15(d) and proxy and information statements under section 14 of the Securities Exchange Act of 1934; except as otherwise specifically provided in the forms.
1_Apprentice
Do you enjoy it?
0_Wizard
As long as I get paid to be an accounting practitioner, I'll enjoy it, how about that? ;)
Practitioners of accounting are known as accountants.
chosen_Accounting_0
Accounting
chosen_topic_0_Accounting
Certified Public Accountant
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. In the United States, the CPA is a license to provide accounting services to the public. It is awarded by each of the 50 states for practice in that state. Additionally, almost every state (49 out of 50) has passed mobility laws to allow CPAs from other states to practice in their state. State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting related experience.
The Accounting Review
The Accounting Review is a bimonthly peer-reviewed academic journal published by the American Accounting Association (AAA) that covers accounting with a scope encompassing any accounting-related subject and any research methodology. "The Accounting Review" is one of the oldest accounting journals, and recent studies considered it to be one of the leading academic journals in accounting. "The Accounting Review" was established in 1926. In its early decades, the journal tended to publish articles that would be of interest to accounting practitioners, but over time it shifted towards a preference for quantitative model building and mathematical rigor.
United Kingdom insolvency law
United Kingdom insolvency law regulates companies in the United Kingdom which are unable to repay their debts. While UK bankruptcy law concerns the rules for natural persons, the term insolvency is generally used for companies formed under the Companies Act 2006. "Insolvency" means being unable to pay debts. Since the Cork Report of 1982, the modern policy of UK insolvency law has been to attempt to rescue a company that is in difficulty, to minimise losses and fairly distribute the burdens between the community, employees, creditors and other stakeholders that result from enterprise failure. If a company cannot be saved it is "liquidated", so that the assets are sold off to repay creditors according to their priority.
General practitioner
In the medical profession, a general practitioner (GP) is a medical doctor who treats acute and chronic illnesses and provides preventive care and health education to patients. A general practitioner manages types of illness that present in an undifferentiated way at an early stage of development, which may require urgent intervention. The holistic approach of general practice aims to take into consideration the biological, psychological, and social factors relevant to the care of each patient's illness. Their duties are not confined to specific organs of the body, and they have particular skills in treating people with multiple health issues.
Accrual
Accrual ("accumulation") of something is, in finance, the adding together of interest or different investments over a period of time. It holds specific meanings in accounting, where it can refer to accounts on a balance sheet that represent liabilities and non-cash-based assets used in accrual-based accounting. These types of accounts include, among others, accounts payable, accounts receivable, goodwill, deferred tax liability and future interest expense. For example, a company delivers a product to a customer who will pay for it 30 days later in the next fiscal year, which starts a week after the delivery.
Primary Mathematics World Contest
The Primary Mathematics World Contest or PMWC takes place every year in Hong Kong. It was first held in 1997, and is sponsored by the Po Leung Kuk organization. The competition has attracted teams from around the world. Each team consists of 4 members, all of whom must be 13 or younger as of September 1, and must not be enrolled in a secondary institution (or the equivalent). However, the 13th Primary Mathematics World Contest (2009) was canceled due to the WHO declaring the Influenza A virus subtype H1N1 a pandemic. A similar event occurred in the 7th Primary Mathematics World Contest (2003) where the committee postponed the contest to November 2003 due to SARS.
Accountant
An accountant is a practitioner of accounting or accountancy, which is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities and others make decisions about allocating resource(s). In many jurisdictions, professional accounting bodies maintain standards of practice and evaluations for professionals. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant.
1_Apprentice
What is the average salary for that type of a position?
0_Wizard
The 2016 median annual salary was $68,150, and this of course varies from state to state with different job markets.
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Susquehanna Township School District
The Susquehanna Township School District is a midsized, suburban, public school district serving students from Susquehanna Township, Dauphin County, Pennsylvania. The school district is located in suburban Harrisburg, Pennsylvania. The Susquehanna Township School District encompasses approximately . According to a June 2008 local census data, it serves a resident population of 22,977 people. In 2010, the District's population had grown to 24,047 people, per the United States Census Bureau. The educational attainment levels for the Susquehanna Township School District population (25 years old and over) were 91.3% high school graduates and 34.6% college graduates.
Affluence in the United States
Affluence refers to an individual's or household's economical and financial advantage in comparison to a given reference group. Affluence in the United States has been attributed in many cases to inherited wealth amounting to "a substantial head start": in September 2012, the Institute for Policy Studies found that over 60 percent of the Forbes richest 400 Americans had grown up with substantial privilege. Income is commonly used to measure affluence, although this is a relative indicator: a middle class person with a personal income of $77,500 annually and a billionaire may both be referred to as affluent, depending on reference groups.
Southern Columbia Area School District
Southern Columbia Area School District is a small, rural, public school district located in Catawissa, Pennsylvania. It serves communities in two counties. In Columbia County the district serves: Catawissa Borough, Catawissa Township, Locust Township, Roaring Creek Township, and Cleveland Township. This includes the boroughs of: Slabtown and Numidia. In Northumberland County it serves Ralpho Township. Southern Columbia Area School District encompasses approximately . According to 2000 federal census data, it serves a resident population of 9,803. By 2010, the US Census Bureau reported that the district's population increased to 10,386 people.
Professors in the United States
In the U.S., "professors" commonly occupy any of several positions in academia, typically the ranks of assistant professor, associate professor, or professor. The same terms are used outside the U.S., although they often denote different roles from in the U.S. system. However, the majority of university lecturers and instructors in the United States today (2015) do not occupy these tenure-track ranks, but are part-time adjuncts. Research and education are among the main tasks of tenured and tenure-track professors, with the amount of time spent on research or teaching depending strongly on the type of institution.
Cabinet of Singapore
The Cabinet of Singapore forms the Government (executive branch) of Singapore together with the President of Singapore. It is led by the Prime Minister of Singapore who is the head of government. The Prime Minister is a Member of Parliament (MP) appointed by the President who selects a person that in his or her view is likely to command the confidence of a majority of the Parliament of Singapore. The other members of the Cabinet are Ministers who are Members of Parliament appointed by the President on the Prime Minister's advice. Cabinet members are prohibited from holding any office of profit and from actively engaging in any commercial enterprise.
Social Security (United States)
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program. The original Social Security Act was signed into law by President Franklin Roosevelt in 1935, and the current version of the Act, as amended, encompasses several social welfare and social insurance programs. Social Security is funded primarily through payroll taxes called Federal Insurance Contributions Act tax (FICA) or Self Employed Contributions Act Tax (SECA). Tax deposits are collected by the Internal Revenue Service (IRS) and are formally entrusted to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund, the two Social Security Trust Funds.
East Lycoming School District
The East Lycoming School District is a small, rural, public school district located in Lycoming County, Pennsylvania. It serves the Boroughs of Hughesville and Picture Rocks and Franklin Township, Jordan Township, Mill Creek Township, Moreland Township, Penn Township, Shrewsbury Township and Wolf Township in Lycoming County, Pennsylvania. East Lycoming School District encompasses approximately . According to 2000 federal census data, East Lycoming School District served a resident population of 10,368 people. By 2010, the District's population was 10,428 people. The educational attainment levels for the East Lycoming School District population (25 years old and over) were 89% high school graduates and 18.7% college graduates.
1_Apprentice
Do you have to obtain a lot of education in order to get a job like this?
0_Wizard
There are a lot of potential fields in accounting, like management, external auditing, tax/cost accounting, all of which need an MBA.
Accounting can be divided into several fields including financial accounting, management accounting, external auditing, tax accounting and cost accounting.
chosen_Accounting_0
Institute of Cost Accountants of India
The Institute of Cost Accountants of India (ICAI), previously known as the Institute of Cost & Works Accountants of India (ICWAI), is a premier statutory professional accountancy body in India with the objects of promoting, regulating and developing the profession of Cost Accountancy. It is the only licensing cum regulating body of Cost & Management Accountancy profession in India. It recommends the Cost Accounting Standards to be followed by companies in India to which statutory maintenance of cost records applicable. ICAI is solely responsible for setting the auditing and assurance standards for statutory Cost Audit to be followed in the Audit of Cost statements in India.
J. Lee Nicholson
Jerome Lee (J. Lee) Nicholson (1863 - November 2, 1924) was an American accountant, industrial consultant, author and educator at the New York University and Columbia University, known as pioneer in cost accounting. He is considered in the United States to be the "father of cost accounting." Nicholson most important contributions to cost accounting consisted of "emphasizing "cost centres" and the "measuring of profits for individual departments" based on machine hour rates." Also he helped establishing the National Association of Cost Accountants (NACA) in 1920, which resulted into the Institute of Management Accountants.
Accounting
Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Cost accounting
Cost accounting is a process of recording, classifying, analyzing, summarizing, allocating, and evaluating various alternative courses of action for the control of costs. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability. Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future. Since managers are making decisions only for their own organization, there is no need for the information to be comparable to similar information from other organizations. Instead, information must be relevant for a particular environment.
Management accounting
In management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions. One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers. According to the Institute of Management Accountants (IMA): "Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy".
Inventory
Inventory (American English) or stock (British English) is the goods and materials that a business holds for the ultimate goals to have a purpose of resale (or repair). Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials. The concept of inventory, stock or work-in-process has been extended from manufacturing systems to service businesses and projects, by generalizing the definition to be "all work within the process of production- all work that is or has occurred prior to the completion of production."
Audit
An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditing has become such a ubiquitous phenomenon in the corporate and the public sector that academics started identifying an "Audit Society". The auditor perceives and recognises the propositions before them for examination, obtains evidence, evaluates the same and formulates an opinion on the basis of his judgement which is communicated through their audit report.