Accounting Profession

Accountancy
A profession regulated by accountancy bodies that oversees the activities of accountants, encompassing the process of accounting.
Accountancy and Actuarial Discipline Board (AADB)
The UK body responsible for investigating cases of alleged misconduct by members of the accounting and actuarial professions that raise public concern.
Association of Accounting Technicians (AAT)
The Association of Accounting Technicians (AAT) is a professional membership body dedicated to the education, development, regulation, and support of accounting technicians worldwide.
Bean Counters
A derogatory term used to refer to accountants by highlighting the meticulous nature of their job, often implying a focus on minute details rather than broader perspectives.
Certified Public Accountant (CPA)
A Certified Public Accountant (CPA) is a designation given to accounting professionals who have passed the Uniform CPA Examination and met additional state-specific educational and experience requirements. CPAs are licensed to provide audit opinions on financial statements and offer various other accounting services.
CIMA (Chartered Institute of Management Accountants)
The Chartered Institute of Management Accountants (CIMA) is a leading professional body in the field of management accountancy. It provides support, education, and certification for accounting professionals globally, emphasizing the integration of accounting skills with strategic business management.
Professional Oversight Board (POB)
The Professional Oversight Board (POB) is an operating body of the Financial Reporting Council (FRC) responsible for providing independent oversight of the auditing and accounting professions, aiming to uphold public confidence in the governance of listed and other companies.
Public Accountant
A Public Accountant is recognized in a few states and refers to those accountants who served the public before the establishment of accountancy laws. They are distinguished from Certified Public Accountants (CPAs).
Recognized Professional Body (RPB)
A Recognized Professional Body (RPB) is an organization that meets specific regulatory criteria to oversee the conduct and practice of professional accountants, providing members with the necessary accreditation and compliance guidelines to ensure high standards within the accounting profession.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.