What You Need to Know about Accounting

Written by Wall Street News on December 17th, 2013. Posted in Best finance jobs, Career in finance, Healthcare finance jobs

Cost accounting jobs

Accountancy involves the production of financial organizations regarding an organization. There are three branches to accountancy. They are accounting, bookkeeping, and auditing.

Accounting is usually done by professional accountants called certified public accountants or CPA’s. These accountants participate in the actual preparation of an organization’s financial documents. The law usually requires that CPA’s sign off on any financial documents produced by an organization as well. CPA’s will also often focus on how to improve an organization’s assets, liabilities, profits, tax liability and financial activities.

Bookkeeping is much simpler than accounting. A bookkeeper is simply responsible for recording the financial transactions of an organization. Bookkeepers are not certified like accountants, and