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How to Become a CPA in Florida

Intuit

Overall, you need at least 120 semester hours or 180 quarter hours of education that includes the following: At least 24 semester hours or 36 quarter hours of upper-division accounting, including: At least 3 semester or 4 quarter hours of financial accounting, based on U.S. Or see below for current openings.

CPA 130
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Types of accounting

Accounting Tools

There are several types of accounting that range from auditing to the preparation of tax returns. Accountants tend to specialize in one of these fields, which leads to the different career tracks noted below. There are several career tracks involved in financial accounting.

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Basics of accounting

Accounting Tools

Requires the collection of time worked information from employees , which is then used to produce gross wage information, tax deductions, and other deductions, resulting in net pay to employees. Additional Accounting Topics The presented basics of accounting only note the barest outline of the functions performed by the accountant.

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Accounting department responsibilities

Accounting Tools

Financial Statements Production A reporting group within the department creates adjusting journal entries to bring the company's initial financial results into compliance with the applicable accounting framework , writes footnotes to accompany the financial statements , and releases financials following the end of each reporting period.

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What is an accountant?

Accounting Tools

The reports are highly customized to the needs of each entity, and may cover such topics as the sales of certain product lines, investigations of cost variances , sales returns , and an analysis of overtime incurred. Tax reports are issued to several government entities.

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Cost structure definition

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamentals Cost Management Guidebook What is Cost Structure? Cost structure refers to the types and relative proportions of fixed costs and variable costs that a business incurs. Administrative overhead Variable costs.

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What is accountancy?

Accounting Tools

There are also a number of business transactions that are non-repetitive in nature, and so require the use of journal entries to record them in the accounting records. The fixed asset accountant , general ledger clerk , and tax accountant are most likely to be involved in the use of journal entries.