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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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Katz, Daitzman & Kiesel, CPAs
Our Accounting Services Orlando goals are to provide quality service. We are experienced in matters of accounting & taxation, IRS problem resolution, estates & trusts, business formation & more.
MAP
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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.
MAP
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STANDARD LISTINGS:   ACCOUNTANTS IN/NEAR ORLANDO
Atp Business Solution Write review for this local business
7924 Forest City Rd, Orlando, FL 32810
(407) 522-4480  
A cutting edge payroll company, we offer payroll and business registration services to small and midsized companies. We provide same day payroll service locally and next day service out of state.
American Tax & Payroll Services LLC
1 review: *****
1033 State Road 436 Ste 245, Casselberry, FL 32707
(407) 767-1647 Write review for this local business

"I received one on one service. These were very good people to work with during a stressful time. ..."
Diana's Bookkeeping Inc Write review for this local business
35232 Janine Dr, Zephyrhills, FL 33541
(813) 788-4119  
We specialize in QuickBooks for Accounting on a monthly basis as well as providing professional tax preparation and e-filing. Contact our accountants for any tax preparation.
Raisa Pakanati, Cpa, Mba Write review for this local business
37 North Orange Ave, #500, Orlando, FL 32801
(407) 208-1219  
Deborah Werner CPA Write review for this local business
1313 E Robinson St, Orlando, FL 32801
(407) 894-8884  
Kermit L James Jr CPA Write review for this local business
111 N Orange Ave, Orlando, FL 32801
(407) 425-4636  
Robert C Linder CPA Write review for this local business
501 E Jackson St, Orlando, FL 32801
(407) 649-7010  
Lauteria & Company PLC Write review for this local business
605 E Robinson St, Orlando, FL 32801
(407) 872-6829  
Berman Hopkins Wright & Laham Cpas and Associates Write review for this local business
225 S Orange Ave, Orlando, FL 32801
(407) 841-8841  
Robert C Cohen Acct Write review for this local business
108 Lake Ave, Orlando, FL 32801
(407) 425-1842  
Envision Tax & Accounting Services of Florida Write review for this local business
37 N Orange Ave Ste 500, Orlando, FL 32801
(407) 951-1492  
Orange County of Write review for this local business
109 E Church St Ste 200, Orlando, FL 32801
(407) 836-5115  
S Daniel Dill PA Write review for this local business
545 Delaney Ave Ste 2, Orlando, FL 32801
(407) 206-3297  
W Edward Hastings Certified Public Accountant Write review for this local business
390 N Orange Ave, Orlando, FL 32801
(407) 872-7676  
Kpmg Llp Write review for this local business
111 N Orange Ave Ste 1600, Orlando, FL 32801
(407) 423-3426  
Stephen K Yeager Certified Public Accountant Write review for this local business
110 Hillcrest St, Orlando, FL 32801
(407) 843-1681  
Deloitte & Touche Write review for this local business
200 S Orange Ave Ste 1800, Orlando, FL 32801
(407) 422-0936  
Morrison Brown Argiz and Farra LLP Write review for this local business
200 S Orange Ave Ste 1445, Orlando, FL 32801
(407) 237-3600  
Accounting Concepts Write review for this local business
189 S Orange Ave, Orlando, FL 32801
(407) 843-5115  
Ernst & Young LLP Write review for this local business
390 N Orange Ave Ste 1700, Orlando, FL 32801
(407) 872-7676  
Michael M Lee CPA Write review for this local business
801 N Orange Ave Ste 640, Orlando, FL 32801
(407) 770-6000  

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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