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Accountant London are a people who
record business transactions into books
and classifying them in a summarized and
meaningful manner for internal or external
use. This kind of work is known as
accounting. They are therefore concerned
with evaluation of performance of a
business and also concerned with analysis
and interpretation of the performance.
When in need of an accountant London
residents can look for them online or
They communicate accounting material to the
users of accounting reports. They can choose
to work for a particular individual,
organizations, big companies or even
government agencies. The basic requirements
one should have may include a basic
university degree in finance and accounting
and one should also be certified by a legally
recognized professional accounting agency.
They should also have vast knowledge and
experience in accounting and be good in
Since they are concerned with the
keeping of records, these records may
include information about the various
assets and investments belonging to the
company, details of inventory that is, the
stock of goods, records about trade
receivables, trade payables, sales,
purchases, sales returns, purchases
returns, and capital of the firm. It may
also contain payroll information.
Accountants are in charge of
guaranteeing that these accounts are
kept in an organized manner in ledgers
which includes the sales ledger,
purchases ledger or the general ledger.
They are entered using double entry
method. These ledgers should always
be kept up to date so that they can be of
relevance when making business
The accountants can choose to solely
specialize in book keeping, auditing
taxes or tax returns. When compiling
and presenting accounting information,
they should comply with certain
stipulated accounting rules and
regulations which are specified by a
number of international accounting
This means that they have to comply
with a dual set of standards and rules.
This is because it is compulsory for all
accountants preparing financial and
income statements to issue them in
accordance with the stated standards.
Accounting standards are given a legal
status under the Companies Acts and
comply with European Union Directives.
This ensures that there is no conflict
between the law and accounting
Anyone preparing financial statements
which are intended to truly reflect what
has occurred and the financial position
of the organization must observe the
rules laid down in the accounting
standards. When enquiring for an
chartered accountant London
companies are keen on the
qualifications and level of experience.