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Posted by / 09-Jan-2018 00:45

The most common accounting designations are Chartered Accountants (CA), Certified Management Accountants (CMA), and Certified General Accountants (CGA).Other Designations include Certified Internal Auditor (CIA), Public Accountant (PA), and Certified Public Accountant (CPA).The first professional association for accountants, the American Association of Public Accountants, was formed in 1887, and CPA’s were first licensed in 1896 when cost accounting, and accounting in general became of real importance.It grew as a profession during the industrial revolution as businesses grew and shareholders and bondholders who weren’t necessarily a part of the company but were monetarily invested wanted to know more about its financial wellbeing.Accountants have two different types of liability: common law and statutory law.Common law liability includes negligence, fraud, and breach of contract, while statutory law includes any state or federal securities laws.When she's not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time.English 4 Accounting was designed to help teachers organize and improve their English for Accounting classes.

Without accounting, it would be hard to keep track of your business's finances and profitability, and you might not know exactly how much money is coming in or going out.The one requirement that is uniform in every state is the passing of the Uniform Certified Public Accountant Examination, an exam that is written and graded by the national organization the American Institute of Certified Public Accountants.Certified public accounts have a legal responsibility to their clients to be honest and to avoid negligence in their duties.Jennifer Post graduated from Rowan University in 2012 with a Bachelor's Degree in Journalism.Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily.

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CPA’s have real influence over their clients, and their judgments and work can affect not just an individual, but an entire company, their employees, board, and investors.

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