Appreciating the Critical Role Played by CPAs and Accountants

Large businesses today increasingly require professionals who can bring together knowledge from multiple resources to address tactical business problems and help develop new business models. This fact provides new break-throughs for accounting professionals who can bring new value in a global, growing and free economy. There is an urgent need for Accounting professionals who are not only trained in the normal accounting standards but also possess the leading integrative and hi-tech competencies with multi-disciplinary knowledge and skills.

Amongst the two genres of accounting- general accountants and CPAs, there lies a substantial of demarcation among the two. Where a general accountant is involved in preparing the disclosures about the various financial letters necessary to assist the executives, regulators and funding sources make better calls; a Certified Public Accountants (CPA) can manage a number of jobs and tasks. CPAs provide advanced income tax preparation and service for a range of customers including individuals, small businesses and corporations. Accountants also perform intermediate-level business consulting work. Depending on the state in which they reside, to maintain their license, every three years CPAs must take up to 200 hours of continuing education courses in order to stay current of changes in their profession.

It is known that all CPAs can be accountants but all accountants can not be CPAs though the two terms are mistakenly used interchangeably. The job and responsibilities of CPAs is considered to be complex than that of accountants. The fact is that no matter what the specific responsibility or the difference between their functions is, they all serve as a primary resource for advice and/or consultation with respect to business matters and financial advice. CPAs can operate in virtually any area of finance including forensics, initial public offerings, corporate governance, preventing, detecting, and investigating financial frauds, finance information technology, especially as applied to accounting and auditing and performance management and other funding.

As you are most likely aware, accurately prepared financial statements are a crucial part of any business endeavor and it calls for the services of highly qualified professionals to do the job. Locating a professional CPA or accountant is a challenge but the process can be made simpler if you do some of preparation. Achieving CPA status takes work, smarts, ethics, and a lifelong commitment to learning. It all begins with countless of hours of some of the toughest business courses at any college or university. Then, after graduation and a year of professional work under the guidance of another CPA, candidate CPAs must pass a thorough test of their business, auditing, and general accounting skills. Their training and unique knowledge perfectly positions them to function as financial managers and strategists, often serving as chief financial officers for medium to large-sized businesses. Other attributes may include the moral ethics defining the trustworthy nature of the candidate and his dedication towards the job.

If you are in search of a professional accounting specialist (CPA, accountant or bookkeeper) in Austin or central Texas, then Austin-Accountants.com is the answer. They are a recognized accounting advisor firm and can help you find the right professional who will protect your interests and your financial assets.