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Common Accounting Terminology
Accountants offer numerous financial services and advice. These services include bookkeeping, tax preparation and evaluation, the preparation of balance sheets, the preparation of income statements and auditing. If you are in need of accounting services, there are some terms you might want to understand as you research accounting firms:

Audit: The assessment of the accounting, management or processes of a business, organization, or system.

Certified Public Accountant (CPA): The title given to a college graduate with the appropriate work experience after passing the Uniform CPA exam. Certified Public Accountants complete tax returns and perform accounting, auditing and reporting for businesses and governmental agencies.

Resource Allocation: The assessment of value of a particular resource as well as the value of the exploitation of that resource.

Financial Adviser: One who provides consultation on financial matters such as estate planning, and management of investments. While accountants and financial advisers are both trained in and have knowledge of the principles of accounting, the primary difference between accountants and financial advisers is that accountants are focused on bookkeeping, statements and tax laws, whereas financial advisers are concerned with the best use of your money in terms of investments and allocations.

Annuity: A series of equal payments in equal measures of time. Rent is an example of an annuity.

Bond: A form of debt security wherein the issuer owes a debt to the holder, and is obliged to pay interest until the the principle is paid in full. The interest is termed the coupon.

Consignment: The delivery of goods to another party, called the consignee, so that the other party can sell it.

American Accounting Association
Get the most out of your accounting practice by joining our prestigious association. We offer certified public accountants with the widest network of peers available in the country.
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American Institute of Certified Public Accountants
If you're looking into becoming an accountant, get the education you need from our institute. Providing great educational resources for anyone interested in the accounting field.
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Accountants World Power Practice
Our services help accountants across the country build stronger relationships with their clients. Stay on top of the latest methods and trends by joining our accountants' association.
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STANDARD LISTINGS:   ACCOUNTANTS IN/NEAR ARKANSAS
Curtis & Curtis Public Accountants
1 review: *****
200 S Main St, Dermott, AR 71638
(870) 538-5266 Write review for this local business

"I highly recommend Mark for your bookkeeping needs. He takes care of my monthly bills, bookkeeping, and tax returns for me. He has done this for over 8 years now. I work overseas and Mark handles ALL of my money matters for me and sends me a monthly statement. All at a great rate. Roy Montgomery Monticello, Arkansas ..."
Accounting Services Inc Write review for this local business
101 N 6th St, Fort Smith, AR 72901
(479) 783-6033  
Cox Accounting Services LLC Write review for this local business
3291 S Thompson St Ste A101, Springdale, AR 72764
(479) 751-3441  
Joanne Wile Bookkeeping & Tax Service Write review for this local business
141 S Baker St, Mountain Home, AR 72653
(870) 424-6979  
Downing & Associates Write review for this local business
101 Main St SW, Gravette, AR 72736
(479) 787-5549  
Executive Business Accounts Inc Write review for this local business
1821 Phoenix Ave Ste H, Fort Smith, AR 72901
(479) 646-5300  
Hall Jimmy D & Associates LTD Write review for this local business
3307 Old Greenwood Rd, Fort Smith, AR 72903
(479) 783-3100  
James & Company Write review for this local business
5604 Euper Ln, Fort Smith, AR 72903
(479) 452-6222  
Kuykendall Gene Accounting Write review for this local business
1821 Phoenix Ave, Fort Smith, AR 72901
(479) 649-6170  
Beall Barclay Wealth Management LLC Write review for this local business
2005 W Elm St, Rogers, AR 72758
(479) 636-1780  
Gail Biswell True CPA Write review for this local business
110 Saratoga Way Ste 6, Farmington, AR 72730
(479) 267-2323  
Bowman & Associates Cpa's Write review for this local business
911 South St, Mountain Home, AR 72653
(870) 425-6253  
Byrd Paul M Write review for this local business
9200 Suits Us Dr, Bella Vista, AR 72714
(479) 876-5599  
C J's Accounting Service Write review for this local business
2301 S School Ave, Fayetteville, AR 72701
(479) 443-7665  
The Callen Accounting Group Pllc Write review for this local business
104 E 1st St, Mountain Home, AR 72653
(870) 425-6066  
Davis Doris - Tax Return Preperation Write review for this local business
1 Village Loop, Booneville, AR 72927
(479) 675-2358  
Dickerson Pat Bookkeeping & Tax Write review for this local business
303 W Cleveland St, Prairie Grove, AR 72753
(479) 846-0206  
Glass Keith Write review for this local business
503 N Pittman St, Prairie Grove, AR 72753
(479) 846-3424  
Keith Class CPA Write review for this local business
2580 N College Ave, Fayetteville, AR 72703
(479) 571-0811  
James Lockhart Co Write review for this local business
2215 Fayetteville Rd Ste 5, Van Buren, AR 72956
(479) 474-0566  
L & A Tax Consultanting Write review for this local business
1001 W Walnut St, Rogers, AR 72756
(479) 621-0605  
Garner J W & Public Acct Write review for this local business
2120 S Waldron Rd Ste 110A, Fort Smith, AR 72903
(479) 452-5477  

If you enjoy mathematics, finance management, and other bookkeeping activities, you may consider becoming a certified public accountant. As a CPA, you will help others in their record keeping. You also assist in filing taxes and consulting both business and private clients alike. Be prepared for a decent amount of schooling before being able to legally practice.

When looking to get into this occupation, you must first take courses in the field of study. You can enroll in these courses normally at any university or technical college and taking on an internship at a decent firm will greatly improve your skills. You will need to constantly update your computer skills, as much of what you analyze will be done online.

Customer service skills are needed in order to properly communicate during audits with corporate and home customers. In order to be a certified public accountant, you will also need the proper state licensure to operate legally. You may also acquire other certifications in addition to the CPA from the Institute of Internal Auditors, Institute of Management Accountants, and Accreditation Council for Accountancy and Taxation. Passing state examinations is also required for licensure.

CPAs also need to know all of the updated tax laws and programs in order to work with the government properly. Bookkeeping, finance and payroll skills are essential whether you work for a company or as an independent adviser since you will need to recognize mistakes made in any charter. Your customers look to you to fix honest mistakes made.


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