You might be forgiven that an accountant is simply that, someone who crunches the numbers for business clients, and while you would be right to a degree, accountancy is a very complex field. Simply put, accountancy is a very broad field that also has specialist areas, which certain people decide to focus on. This requires specific study, which might involve corporate law, or perhaps dealing with international tax treaties, which exist all over the world.
Here is a list of specific accountancy fields:
- Certified Public Accountant – This person oversees large companies and provides essential taxation advice and helps the company to set a direction. Some of the established accountants in Stourbridge are public certified, and they don’t have much to do with the day to day side of accountancy, acting more as a consultant.
- Forensic Accountant – The detective of the number crunching world, the forensic accountant is called when there is suspicion of fraud, or funds cannot be accounted for.
- Management Accountant – When a company is considering buying out a competitor, for example, a management accountant would evaluate the business, to verify that the accounts are genuine.
- Auditor – The auditor helps large businesses and non-profit organisations by verifying their accounts, which can be a very involved process. The auditor is a stickler for accuracy and every penny must be accounted for when an audit is in progress.
The Chartered Accountant is the specialist that works with SMEs, and if you are thinking of going into business, an online search will help you locate a chartered accountant who can assist you in many ways.