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AccountantTerms
> 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.
> Bookkeeping
The task of recording the amount, date, and source of all business revenues and expenses. Bookkeeping is essentially the starting point of the accounting process. Only with accurate bookkeeping numbers can meaningful accounting be
> 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.
The following information on CPA can be very helpful and provides general answers to many of your CPA questions:
Commission means any item of value given or received by a licensee to or from any third party in return for suggesting the purchase of any product or service.
A licensee who is not prohibited from receiving a commission and who is paid or expects to be paid a commission shall disclose that fact, in writing, to any person or entity to whom the licensee recommends or refers a product or service to which the commission relates.
A licensee who accepts a fee for recommending or referring any service of another licensee to any person or entity or who pays a fee to obtain a client shall disclose, in writing, the receipt or payment of the fee to the client.
A certified public accountant may practice public accountancy only in a proprietorship, partnership, professional corporation, business corporation, limited liability partnership, or limited liability company.
A fictitious firm name is any firm name that does not consist of the names of one or more present or former owners of the firm. A firm may not use a fictitious firm name unless such name has been registered with and approved by the Board as not being false or misleading.
A certified public accountant shall not knowingly misrepresent facts, and when engaged in the practice of public accounting, including the rendering of tax, management advisory, or other financial services, shall not subordinate his or her judgment to others.
A certified public accountant shall not permit the licensee's name to be used in conjunction with any forecast of future transactions in a manner which may lead to the belief that the certified public accountant vouches for the achievability of the forecast.
Fees shall not be considered as contingent in tax matters if determined based on the results of judicial proceedings or the findings of governmental agencies.
Certified Public Accountants may provide information to the public by advertising as long as the advertisment is not false, deceptive or misleading. It cannot create false or unjustified expectations of favorable results. Nor can the Advertisments imply the ability to influence improperly any court tribunal or regulatory agency or fail to disclose all variables and other relevant factors for soliciting professional engagements.
Contact our South Carolina Accountants
If you live in the following cities and need an accountant, you should contact our South Carolina Accountants as soon as possible:
Abbeville
Aiken
Anderson
Beaufort
Belton
Bennettsville
Bluffton
Camden
Charleston
Chester
Clemson
Clover
Columbia
Conway
Darlington
Dillon
Easley
Elgin
Florence
Fort Mill
Fountain Inn
Gaffney
Gaston
Georgetown
Goose Creek
Greenville
Greenwood
Greer
Hartsville
Hilton Head Island
Inman
Irmo
Ladson
Lancaster
Laurens
Lexington
Marion
Moncks Corner
Mount Pleasant
Murrells Inlet
Myrtle Beach
Newberry
North Augusta
North Charleston
Orangeburg
Pickens
Piedmont
Rock Hill
Seneca
Simpsonville
Spartanburg
Summerville
Sumter
Taylors
Travelers Rest
Union
Walterboro
West Columbia
York
Did You Know?
Accountants work in different areas of practice.
Some accountants prefer to work alone, but in general they usually work for public accounting firms, the government or corporations.
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Latest News
Latest accountant news in South Carolina and nationwide:
Jul 31, 2006 - FASB To Simplify Accounting For Separately Recognized Servicing Assets And Liabilities
The FASB today issued Statement of Financial Accounting Standards No. 156, Accounting for Servicing of Financial Assets. T... Read more >
Jun 20, 2006 - St. Kitts-Nevis to Host 2007 Conference of Chartered Accountants St. Kitts-Nevis to Host 2007 Conference of Chartered Accountants
On Sunday 11th June a delegation... Read more >
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 ... Read more >
Legal Disclaimers The information provided on South Carolina Accountants.com is not intended to be accounting advice, but merely conveys
general information related to accounting issues commonly encountered.
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