An accountant is a person trained to keep books of account, which record all the financial transactions of a business or other organization, and to prepare periodic accounts. The accounts normally consist of a balancesheet; a profit and loss account, or in the case of a non-trading organization, an income and expenditure account; and sometimes a statement of sources and application of funds. Other roles of accountants are to audit the accounts of organizations and to give advice on taxation and other financial matters. Qualified accountants are normally members of one of several professional bodies to which they gain admission through a period of work experience and examinations. Research Accountant
An income and expenditure account is an account, similar to a profit and loss account, prepared by an organization whose main purpose is not the generation of profit. It records the income and expenditure of the organization and results in either a surplus of income over expenditure or of expenditure over income. Research Income and Expenditure Account
The Probert Encyclopaedia was designed, edited and programed by
Matt and Leela Probert
Abbreviations
Research Accountant
