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Home > QFINANCE Dictionary > Definition of accountancy profession

Definition of

accountancy profession

Accounting

set of organizations overseeing accountants collectively, the professional bodies of accountants that establish and regulate training entry standards and professional examinations, as well as ethical and technical rules and guidelines. These bodies are organized on national and international levels.

Related definitions of "accountancy profession"

Recommended Further Reading (Term count)
  • Standard Procedure: IFRS Harmonization
    by Victor Smart
    This article was first published in Quantum magazine.International accounting standards are vital to make allocating capital easier and more effective on a global scale. But there is significant variance in the pace at which they are being adopted, while regionalization threatens to change the shape of the market.
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    The major problem with financial reporting is that people with limited financial knowledge can look at a set of accounts and, by attempting to interpret the numbers, feel that they understand what is happening in an organization. While in simpler times this may have been true, the scale and complexity of modern business, together with the limitations of what can be portrayed in financial statements, means that today’s statements may have the...
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    This article was first published in Quantum magazine.In his recent informative play The Power of Yes, the British playwright David Hare is broadly correct when he says that politicians, regulators, economists, and commentators, as well as individual borrowers and bankers, are all to blame for the current financial crisis.His is one of the few voices of common sense and clarity in this debate. Some say that bribery and corruption, money...

Definitions of ’accountancy profession’ and meaning of ’accountancy profession’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’accountancy profession’ and other financial terms with our online QFINANCE Financial Dictionary.

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