Investor Glossary-certified public accountantInvestor Glossary-certified public accountantInvestor Glossary-certified public accountantInvestor Glossary-certified public accountantInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Certified Public Accountant

The HTML to link to this page
 

A Certified Public Accountant (CPA) is a person licensed by a state board of accountancy to practice public accounting. The primary distinction between a Certified Public Accountant and all other accountants is that only a Certified Public Accountant can issue an opinion on audited financial statements. In most cases, the Certified Public Accountant will issue an unqualified ( or "clean")opinion that states the company's financial statements were prepared in accordance with Generally Accepted Accounting Principles (GAAP). But the Certified Public Accountant may also issue a "qualified" opinion describing certain exceptions to GAAP. To become a Certified Public Accountant, an individual must pass the Uniform CPA Examination, which includes sections on financial accounting and reporting, auditing, business environment & concepts, and regulation. State boards of accountancy also demand that a Certified Public Accountant have practical experience. This requirement varies by state, but in many cases a Certified Public Accountant must have two years of practical experience. The American Institute of Certified Public Accountants (AICPA) plays a primary role in all aspects of the professional life of a Certified Public Accountant.



Rate this Certified Public Accountant definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: implied volatility, EBITDA, minority interest, VIX, class C shares, 1035 exchange, real GDP, 401a, labor relations, per diem, required rate of return, reverse mortgage, stock market close, inflation, LIBOR, margin rate, 144a, debt service coverage, diluted share, in escrow, dividends payable, retained earnings, option premium, Key Rate Duration, quality assurance, FTSE, liquidity ratio, irrevocable trust, command economy, deferred revenue, wholly-owned subsidiary, cancelled check, covered put, average price per share, APR, Zero Cost Collar, 1031 exchange, current ratio, FICO score, balance sheet, annual return, stock split, deferred tax, ex-dividend date, phantom income, ex-dividend, open position, risk management, limit order


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use