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  HOME ABOUT US FAQ RESOURCE CENTER CONTACT US FINANCIAL REVIEW January 07, 2009
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FAQs About Accounting
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  Hot Topics
 

Corporate Accounting
Investments Tracking
Taxes
Balance Statement
Financial Reporting
Annual Reports
Payroll Records
Auditing
Asset Protection
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Accountant Terms


  > Balance Sheet
A statement listing a business's assets, liabilities, and net worth, or equity.
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  > Blue Book
This is the term commonly used to describe the Government Finance Officers Association publication Governmental Accounting, Auditing and Financial Reporting. Initially, the blue book was the authoritative source for GAAP for state and local governments.
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  > Accounting
term that refers to the overall process of tracking your business's income and expenses, and then using these numbers in various calculations and formulas to answer specific questions about the financial and tax status of the business.
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   Frequently Asked Questions About Accounting

What is an accountant?
An accountant is a person who tracks the income and assets of businesses over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management.

What types of accountants are there?
Accountants specialize in a variety of fields including, but not limited to, audit, budget analysis ,financial, management and tax accounting.

Where do accountants work?
Some accountants prefer to work alone, but in general they usually work for public accounting firms, the government or corporations.

What are some of the top accounting firms?
Some of the top accounting firms include KPMG/Peat Marwick, Ernst and Young, Arthur Andersen and Price WaterhouseCoopers amoung others.


Contact our Kansas Accountants


If you live in the following cities and need an accountant, you should contact our Kansas Accountants as soon as possible:

  • Batesville
  • Benton
  • Bentonville
  • Blytheville
  • Cabot
  • Camden
  • Conway
  • El Dorado
  • Fayetteville
  • Forrest City
  • Fort Smith
  • Harrison
  • Hot Springs National P
  • Jacksonville
  • Jonesboro
  • Little Rock
  • Magnolia
  • Mountain Home
  • North Little Rock
  • Paragould
  • Pine Bluff
  • Rogers
  • Searcy
  • Sherwood
  • Springdale
  • Texarkana
  • Van Buren
  • West Memphis
  • White Hall
       
 
Did You Know?    
 
 
You want to hire an accountant that practices GAAP.
Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States.

 

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Latest News
  Latest accountant news in Kansas and nationwide:

Jun 28, 2006 - International Accounting Standards Committee
International Accounting Standards Committee

The Trustees of the International Accounting Standar...

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Aug 22, 2005 - The Accountant Charged The Receivership $285,885
In about 1990, Fleming hired a certified public accountant to prepare a compilation of USIC receipts and disbursements to ...
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