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Important Terms Associated with Certified Public Accountants

A Certified Public Accountant provides a wide range of finance-related services to businesses and the public. Some are generalists, while others specialize in certain aspects of accounting, such as bankruptcy or income tax preparation. For that reason, there’s a good chance you will eventually have dealings with a Certified Public Accountant, and there are a few terms and concepts with which you should be familiar.

  • CPA – A Certified Public Accountant. This is a professional accountant who has passed the Uniform Certified Public Accountant Examination (often called the Uniform CPA Exam). They must also meet other stringent standards that vary by state; generally, they must have a bachelor’s degree and a certain amount of on-the-job experience. CPAs can work for firms or run their own business.
  • Bookkeeping – Recording the day-to-day financial transactions of a business. Despite what many people think, a bookkeeper is not the same as an accountant. An accountant typically has more advanced training and knowledge than someone whose duties are restricted to bookkeeping. Small businesses often employ bookkeepers, whose salaries are generally lower; CPAs are more often found in the corporate sector, where their expertise is often required.
  • Forensic Accountant – Specialists in accounting as it pertains to legal disputes, frequently relating to financial fraud. They are employed in civil or criminal cases, and are often called upon to provide expert testimony for court trials.
  • Estate Planning – Preparing to transfer one’s assets to another party. CPAs are often employed to help prepare wills, including “living wills,” and calculate estate taxes.
  • Audit – Reviewing and verifying the accuracy of an individual’s or institution’s financial records.
  • Income Tax Preparation – Filling out and filing tax returns. CPAs are usually well versed in the intricacies of tax law, and their expertise in this area can prevent a lot of trouble.
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    American Institute of Certified Public Accountants
    If you're thinking of becoming a certified public accountant, get the best education from our institute. Providing the knowledge and skills you need to succeed as a certified public accountant.
    National Association of Tax Professionals
    Appleton, WI 54912
    Our professional CPA's handle a variety of bookkeeping, tax, and payroll services for your business. Whether you're need extensive help, or merely advice on how to proceed with an accounting problem, we can help.
    American Institute of Certified Public Accountants
    New York, NY 10036
    When you become a member of our prestigious institute of certified public accountants, you gain access to the widest network of CPAs in the nation. Join today to see what you can learn!
     
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    Person Huff Group CPA
    3200 Lake Villa Dr, Metairie, LA 70002
    Accounting and Taxes for small businesses and individuals. IRS issues and offer in compromise. Bookkeeping and payroll services for companies. Tax reduction strategies. Financial planning for retirement. QuickBooks training and support. Financial Statement preparation.
    (1) Review Write a review
    (504) 780-8299
     
    User Review: "Matthew person has helped our business get better accounting reports and now we understand what we are doing and how to..."
    Bracey Accounting Services
    17 Red Oak Ln, Hattiesburg, MS 39402
    Certified QuickBooks ProAdvisor, QuickBooks Training and Consulting, Small Business Accounting Services, Payroll Outsourcing, Bank/SBA Loan Preparation, Budget and Profit Planning, Excel Spreadsheet Design, and more.
    (601) 599-7923
    Carolyn E Rapier CPA APC
    1812 Clearview Pkwy, Metairie, LA 70001
    (1) Review Write a review
    (504) 885-8661
     
    User Review: "I have been with them since I first opened and did not have anything. Now 15 years later, I'm bigger and still get the same..."
    Lamb Robert E
    206 Georgia Ave, Bogalusa, LA 70427
    (985) 732-5463
    Michael B Burris CPA
    242 Alabama Ave, Bogalusa, LA 70427
    (985) 732-2594
    Robert A Neilson CPA
    412 Avenue B, Bogalusa, LA 70427
    (985) 732-1811
    Black Robert J
    302 Louisiana Ave, Bogalusa, LA 70427
    (985) 735-6800
    Walter S Adams (Buddy) CPA
    723 Louisiana Ave, Bogalusa, LA 70427
    (985) 735-8163
    Lambert Janice Accounting
    15094 Highway 1075, Bogalusa, LA 70427
    (985) 735-1661
    Thomas O Richardson CPA
    1037 Bickham St, Franklinton, LA 70438
    (985) 839-4303
    Minda B Raybourn CPA
    820 11th Ave, Franklinton, LA 70438
    (985) 839-4413
    Phillip H Smith CPA
    1504 Washington St, Franklinton, LA 70438
    (985) 839-5694
    Richardson Thomas O
    1037 Bickham St, Franklinton, LA 70438
    (985) 839-4303
    Kaylor's Bookkeeping Service
    940 Ellis St, Franklinton, LA 70438
    (985) 839-4923
    Gary F Rinck Dgn CPA
    74526 River Rd, Covington, LA 70435
    (985) 327-5164


    Certified public accountants play an important role in the financial life of businesses as well as individuals. They perform a number of services from tax preparation to bookkeeping. Hiring a financial expert ensures the long term success of your personal finances or company. These professionals are able to offer objective advice using expertise those individuals and busy owners are unable to acquire. Individuals, government agencies, and businesses employ CPAs to make sure that their finance practices are up to par. Accountants use their meticulous bookkeeping skills to prepare tax returns. They make sure that all current standards and codes are being followed. They also used records to prepare accurate financial statements and budget analysis. Individuals may employ accounting services yearly or may use them regularly for advice in planning their financial futures. Businesses seek the skills of accountants when they are considering major purchases or other acquisitions. CPAs also review internal financial systems to guard against embezzlement and fraud. They may make recommendations to small business owners regarding technologies that will help their organizations run more efficiently. They assess which parts of a business are profitable and which need improvement. They also can serve as forensic accountants that determine the source of the problem when losses have occurred. They can also offer solutions to determine that problems do not arise in the future. Certified public accountant firms are staffed with a variety of certified professionals. Special certifications may be held in estate planning, bankruptcy recovery, or tax preparation. Corporate, individual, and small businesses benefit from consultations with these financial firms.
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