Hi, my name is Jonathan and I am an accountant! You must be the new guy, so let me show you what I do!
Accountants are people whose job is to keep or inspect financial accounts. I do that here where I work.
There are three main areas where financial accounting helps decision making.
It provides investors a baseline of analysis for the financial health of security-issuing institutions.
Financial accounting also helps organizations make business decisions about how to allocate scarce resources, but enough of this talk, let me show you your new desk!
Did you hear about the July 2002 enactment of the Sarbanes Oxley Act? The primary changes resulted in the creation of the Public Company Accounting Oversight Board, the assessment of personal liability to auditors, executives and board members and creation of the Section 404.