CPAs
Licensed accounting professionals
CPAs is the plural of CPA, an abbreviation for certified public accountant.
A CPA is an accountant who has passed a rigorous professional examination and met state licensing requirements, qualifying them to perform audits, prepare tax returns, and provide financial advice.
The certification carries legal weight: only CPAs can sign off on audited financial statements.
We hired CPAs to handle the company's taxes.
She's studying to become a CPA.
Financial record book
- journalRecord of daily events
- reconciliationRestoration of friendly relations
- bookkeepingRecording financial transactions systematically
- accountsRecords of transactions
debits · credits · trial balance · financial statements · income statement · balance sheet · cash flow · accruals
Formal accounts examination
- attestationFormal declaration confirming truth
- verificationProving something accurate
- examinationMethodical assessment or review
- internal controlsOrganizational oversight procedures
fraud detection · forensic accounting · materiality · risk assessment · independence · compliance · due diligence · assurance
Federal tax collector
- deductionsConclusions from reasoning
- filingsParticles from abrasion
- returnsProfits from investments
- tax preparerOne who files returns
brackets · liability · exemptions · credits · withholding · 1040 · W-2 · W-4
Organizing future monetary goals
- consultingGiving expert advice professionally
- business valuationAssessing enterprise economic worth
- estate planningPreparing asset distribution posthumously
- wealth managementOverseeing affluent clients' finances
merger · acquisition · due diligence · cash flow analysis · succession planning · risk management · retirement planning · fiduciary
Official permission to practice
- credentialProof of qualification
- state boardRegional administrative authority
- ethicsStudy of right conduct
- continuing educationOngoing professional coursework after graduation
professional standards · peer review · Big Four · firm · partner · practitioner · designation · reciprocity
ledger
Financial record book
- journalRecord of daily events
- reconciliationRestoration of friendly relations
- bookkeepingRecording financial transactions systematically
accounts · debits · credits · trial balance · financial statements · income statement · balance sheet · cash flow · accruals · adjustments
audit
Formal accounts examination
- attestationFormal declaration confirming truth
- verificationProving something accurate
- examinationMethodical assessment or review
internal controls · fraud detection · forensic accounting · materiality · risk assessment · independence · compliance · due diligence · assurance · audit trail
IRS
Federal tax collector
- deductionsConclusions from reasoning
- filingsParticles from abrasion
- returnsProfits from investments
tax preparer · brackets · liability · exemptions · credits · withholding · 1040 · W-2 · W-4 · itemization
financial planning
Organizing future monetary goals
- consultingGiving expert advice professionally
- business valuationAssessing enterprise economic worth
- estate planningPreparing asset distribution posthumously
wealth management · merger · acquisition · due diligence · cash flow analysis · succession planning · risk management · retirement planning · fiduciary
licensure
Official permission to practice
- credentialProof of qualification
- state boardRegional administrative authority
- ethicsStudy of right conduct
continuing education · professional standards · peer review · Big Four · firm · partner · practitioner · designation · reciprocity
- finance prosfinancial analysts, investment bankers, stockbrokers, stock brokers, traders
- income taxtax return, taxable income, tax brackets, tax rates, tax bracket
CPAsspendthrifts
Habitual money wasters
day traders · venture capitalists · gamblers · speculators · big spenders
CPAsartists
Makers of creative works
free spirits · daredevils · mavericks · creatives · bohemians