Facts about accounting

07/08/2023

"Accounting" derives from the French word "compter," meaning score or count. Other words, such as "credit," "trusts," and "debit," all derive from the Latin language, too.

Accountants have always had their fair share of options when it comes to their careers. For instance, public accountants are employed by government agencies, private individuals, and large-scale businesses. These people deal with auditing and taxes, along with accounting.

07/08/2023

Most accountants also have a specialization. While some teach higher education courses, others work in other sectors, such as health care, risk management, and assurance services. Many accountants prefer to specialize in certain areas, which is why you'll see that sure accountants specialize in things like chartered management accountancy.

07/08/2023

You don't need to be a maths genius to be an Accountant. Of course, just like most jobs, you'll be expected to have a basic understanding of maths. And it certainly helps if you have an interest in numbers. But you don't have to be able to solve complex maths problems in your head to be a good Accountant.

65 Mind-Blowing Accounting Facts You Never Knew: Discover the Fascinating World of Accounting

07/08/2023

The 10-year compound annual growth rate for CMA candidates has been 14 percent. "In many ways, this may have been one of IMA's best years," IMA president and CEO Jeff Thomson told Accounting Today. "From a pure numbers perspective, it may not have been our best year, but it's more than the numbers.

07/08/2023

During annual income tax season, public accountants will work upward of 60 to 80 hours per week. Accountants in industry typically work 40-50 hours all year long.

Despite being popular, the CPA is recognized state-by-state, whereas the CMA is a recognition uniformly worldwide.