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  IMPARA L'INGLESE CON BABYLON!
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CONTENTS

  1. Accelerated depreciation
  2. Account
  3. Accountancy
  4. Accountant
  5. Accounting cycle
  6. Accounting equation
  7. Accounting methods
  8. Accounting reform
  9. Accounting software
  10. Accounts payable
  11. Accounts receivable
  12. Accrual
  13. Adjusted basis
  14. Adjusting entries
  15. Advertising
  16. Amortization
  17. Amortization schedule
  18. Annual report
  19. Appreciation
  20. Asset
  21. Assets turnover
  22. Audit
  23. Auditor's report
  24. Bad debt
  25. Balance
  26. Balance Sheet
  27. Banking
  28. Bank reconciliation
  29. Bankruptcy
  30. Big 4 accountancy firm
  31. Bond
  32. Bookkeeping
  33. Book value
  34. British qualified accountants
  35. Business
  36. Business process overhead
  37. Capital asset
  38. Capital goods
  39. Capital structure
  40. Cash
  41. Cash flow
  42. Cash flow statement
  43. Certified Management Accountant
  44. Certified Public Accountant
  45. Chartered Accountant
  46. Chartered Cost Accountant
  47. Chart of accounts
  48. Common stock
  49. Comprehensive income
  50. Consolidation
  51. Construction in Progress
  52. Corporation
  53. Cost
  54. Cost accounting
  55. Cost of goods sold
  56. Creative accounting
  57. Credit
  58. Creditor
  59. Creditworthiness
  60. Current assets
  61. Current liabilities
  62. Debentures
  63. Debits and Credits
  64. Debt
  65. Debtor
  66. Default
  67. Deferral
  68. Deferred tax
  69. Deficit
  70. Deloitte Touche Tohmatsu
  71. Depreciation
  72. Direct tax
  73. Dividend
  74. Double-entry bookkeeping system
  75. Earnings before interest and taxes
  76. Earnings Before Interest, Taxes and Depreciation
  77. Earnings before Interest, Taxes, Depreciation and Amortization
  78. Engagement Letter
  79. Equity
  80. Ernst a& Young
  81. Expense
  82. Fair market value
  83. FIFO and LIFO accounting
  84. Finance
  85. Financial accounting
  86. Financial audit
  87. Financial statements
  88. Financial transaction
  89. Fiscal year
  90. Fixed assets
  91. Fixed assets management
  92. Fixed Assets Register
  93. Forensic accounting
  94. Freight expense
  95. Fund Accounting
  96. Furniture
  97. General journal
  98. General ledger
  99. Generally Accepted Accounting Principles
  100. Going concern
  101. Goodwill
  102. Governmental accounting
  103. Gross income
  104. Gross margin
  105. Gross profit
  106. Gross sales
  107. Historical cost
  108. Hollywood accounting
  109. Imprest system
  110. Income
  111. Income tax
  112. Indirect tax
  113. Insurance
  114. Intangible asset
  115. Interest
  116. Internal Revenue Code
  117. International Accounting Standards
  118. Inventory
  119. Investment
  120. Invoice
  121. Itemized deduction
  122. KPMG
  123. Ledger
  124. Lender
  125. Leveraged buyout
  126. Liability
  127. Licence
  128. Lien
  129. Liquid asset
  130. Long-term assets
  131. Long-term liabilities
  132. Management accounting
  133. Matching principle
  134. Mortgage
  135. Net Income
  136. Net profit
  137. Notes to the Financial Statements
  138. Office equipment
  139. Operating cash flow
  140. Operating expense
  141. Operating expenses
  142. Ownership equity
  143. Patent
  144. Payroll
  145. Pay stub
  146. Petty cash
  147. Preferred stock
  148. PricewaterhouseCoopers
  149. Profit
  150. Profit and loss account
  151. Pro forma
  152. Purchase ledger
  153. Reserve
  154. Retained earnings
  155. Revaluation of fixed assets
  156. Revenue
  157. Revenue recognition
  158. Royalties
  159. Salary
  160. Sales ledger
  161. Sales tax
  162. Salvage value
  163. Shareholder
  164. Shareholder's equity
  165. Single-entry accounting system
  166. Spreadsheet
  167. Stakeholder
  168. Standard accounting practice
  169. Statement of retained earnings
  170. Stock
  171. Stockholders' deficit
  172. Stock option
  173. Stock split
  174. Sunk cost
  175. Suspense account
  176. Tax bracket
  177. Taxes
  178. Tax expense
  179. Throughput accounting
  180. Trade credit
  181. Treasury stock
  182. Trial balance
  183. UK generally accepted accounting principles
  184. United States
  185. Value added tax
  186. Value Based Accounting Standards and Principles
  187. Write-off
 



ACCOUNTING
This article is from:
http://en.wikipedia.org/wiki/British_qualified_accountants

All text is available under the terms of the GNU Free Documentation License: http://en.wikipedia.org/wiki/Wikipedia:Text_of_the_GNU_Free_Documentation_License

British qualified accountants

From Wikipedia, the free encyclopedia

 

British qualified accountants, that is the term to describe the full members or associateship of United Kingdom accountancy bodies which are CCAB-qualified with Royal Charter, or able to authorise members to conduct practising purposes in United Kingdom and Ireland.

Generally, the market would deems CCAB-qualified as the most important criteria to distinguish whether the membership of accountancy body belongs to the British qualified accountants or not.

British accountancy is one of the most developed accountancy professions in the world, and there are several notable worldwide records regarding UK qualified accountancy bodies.

The Association of Chartered Certified Accountants (ACCA) is the world's largest and fastest-growing international accountancy body with Royal Charter, having over 110,000 members and 260,000 affiliates & student members in 170 countries.(as of year 2006).

The Institute of Chartered Accountants in England & Wales (ICAEW) is the largest European accountancy body with Royal Charter, having over 128,000 members (as of 28 October 2006).

The Institute of Chartered Accountants of Scotland (ICAS) is the world's oldest professional body of accountants, receiving its Royal Charter in 1854.


 


 

Contents

  • 1 CCAB-qualified British Accountants
  • 2 Titles of British Accountancy Qualifications
  • 3 British Practising Qualifications
  • 4 See also
  • 5 Others

CCAB-qualified British Accountants

All full members of Consultative Committee of Accountancy Bodies (known as CCAB) which is an umbrella group for the major British qualified accountancy, are deemed to hold equivalent-level qualifications and advertisements for jobs often state that an organisation is looking for a CCAB-qualified accountant in United Kingdom.

The CCAB was formed in 1974 and has six members, with the first four listed holding the Recognised Qualifying Body (RQB) in relation to company auditing under the Companies Act 1989:

  • Association of Chartered Certified Accountants (ACCA)
  • Institute of Chartered Accountants in England and Wales (ICAEW)
  • Institute of Chartered Accountants in Ireland (ICAI)
  • Institute of Chartered Accountants of Scotland (ICAS)
  • Chartered Institute of Management Accountants (CIMA)
  • Chartered Institute of Public Finance and Accountancy (CIPFA)

All the British and Irish professional accountancy bodies with a Royal Charter are members of the CCAB. In addition, all United Kingdom professional bodies that belong to the International Federation of Accountants (IFAC) are members of the CCAB.

Many job advertisements for accountants in the United Kingdom specify CCAB qualified or Chartered qualified in cases where an employer wishes to hire a professionally qualified accountant with Royal Charter, but has no specific preference as to which institute.

Titles of British Accountancy Qualifications

In the UK, there are no licence requirements for an individual to be describe himself/herself or practice as an accountant (except in the areas of audit or insolvency) but to use certain titles requires membership of one of the many appropriate professional bodies.

  • A Chartered Certified Accountant must be a member of the Association of Chartered Certified Accountants (ACCA) (designatory letters ACCA or FCCA).
  • A Chartered Accountant must be a member of one of the following:
    • the Institute of Chartered Accountants in England & Wales (ICAEW) (designatory letters ACA or FCA)
    • the Institute of Chartered Accountants of Scotland (ICAS) (designatory letters CA)
    • the Institute of Chartered Accountants in Ireland (ICAI) (designatory letters ACA or FCA)
    • a recognised equivalent body from another Commonwealth country (designatory letters being CA(name of country) eg CA(Canada))
  • A Chartered Management Accountant must be a member of the Chartered Institute of Management Accountants (CIMA) (designatory letters ACMA or FCMA).
  • A Chartered Public Finance Accountant must be a member of the Chartered Institute of Public Finance and Accountancy (CIPFA) (designatory letters CPFA).
  • An International Accountant must be a member of the Association of International Accountants (AIA) (designatory letters AIAA or FAIA).
  • An Authorised Public Accountants must be a member of the Association of Authorised Public Accountants (AAPA) (designatory letters AAPA)

Except the Association of Authorised Public Accountants (AAPA), each of these bodies admits members only after passing examinations and undergoing a period of relevant work experience. Once admitted members are expected to comply with ethical guidelines and gain appropriate professional experience.

In addition to the bodies above, the Association of Accounting Technicians (AAT), Certified Accounting Technician (CAT) and Society of International Accounting Technicians (SIAT) offer their members training and support in accountancy skills.

British Practising Qualifications

According to UK's Companies Act 1989, Insolvency Act & Financial Services and Markets Act, only the qualified accountancy bodies - ACCA, ICAEW, ICAI and ICAS are able to authorise members to conduct the legally restricted works including audit, insolvency and investment business work in the United Kingdom and Republic of Ireland.

Moreover, AIA is a Recognised Qualifying Body (RQB) in relation to company auditing under the Companies Act 1989.

Also, the Association of Authorised Public Accountants (AAPA) achieved the status of a Recognised Supervisory Body to eligible AAPA members to use the designation Registered Auditor for audit purposes under the Companies Act 1948.

In case Chartered Certified Accountants (ACCA), Chartered Accountants (ICAEW, ICAI and ICAS), International Accountants (AIA) and Authorised Public Accountants (AAPA) engaging in practice (ie selling services to the public rather than acting as an employee) must gain a "practising certificate" by meeting further requirements such as purchasing adequate insurance and undergoing inspections.

Accountants holding "practising certificates" may also become Registered Auditors in accordance with the Companies Act, providing they can demonstrate the necessary professional ability in that area and submit to regular inspection. It is illegal for any individual or firm that is not a Registered Auditor to perform a company audit.

Further restrictions apply to accountants who carry out insolvency work.

Under the European Union 's Mutual Recognition Directive, all CCAB-qualified British accountants with practising rights including the full members of ACCA, ICAEW, ICAI, ICAS, and Recognised Qualifying Body (RQB) with practising rights - AIA and Recognised Supervisory Body (RSB) with practising rights - AAPA could practice as an public accountants in all member countries of the European Union, European Economic Area and Switzerland, but could only describe him/herself as his/her accountancy qualification rather than local professional accountant qualification. Access to local professional qualifications is based on an aptitude test. However, it is necessary to be a citizen of one of the EEA states or Switzerland to benefit from this Directive.

See also

There are eight major professional bodies operating in the British accountancy profession, with the first six listed holding the Recognised Qualifying Body (RQB) in relation to company auditing under the Companies Act 1989:

  • Association of Chartered Certified Accountants (ACCA)
  • Institute of Chartered Accountants in England and Wales (ICAEW)
  • Institute of Chartered Accountants in Ireland (ICAI)
  • Institute of Chartered Accountants of Scotland (ICAS)
  • Association of Authorised Public Accountants (AAPA)
  • Association of International Accountants (AIA)
  • Chartered Institute of Management Accountants (CIMA)
  • Chartered Institute of Public Finance and Accountancy (CIPFA)

Others

  • Accountant
  • Accountancy
Retrieved from "http://en.wikipedia.org/wiki/British_qualified_accountants"
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