ACCOUNTANCY
Typical questions
• Where can I get access to the latest Accounting Standards?
• Are GAAP and Accounting Standards the same?
• Which chartered accountancy firms employ trainees?
Points to consider
• Accountancy courses often use specialist terminology which can be difficult to understand. Good starting-points are the websites of the main professional bodies, which have introductory guides. Particularly recommended is that of the Institute of Chartered Accountants in England and Wales (ICAEW).
• Another frequently requested resource is Accounting Standards. Again, guides can be found on the websites of the main professional bodies. Remember to check dates and jurisdiction.
• Students seeking journal articles may also find it useful to consult the resources listed in the Economics and Business Studies sections.
Where to look
Key organizations
Association of Certified & Corporate Accountants (ACCA)
uk.accaglobal.com
Leading organization which offers the Certified Accounting Technician qualification. Website has large selection of resources for students, including syllabuses, sample exam papers and study guides.
Institute of Chartered Accountants in England and Wales (ICAEW)
www.icaew.com
Website includes advice for students on careers and qualifications in accountancy. Also available are news stories, job listings and discussion forums. Free access to the ICAEW Directory of Firms, listing over 20,000 accountancy offices worldwide, www.icaewfirms.co.uk.
Institute of Chartered Accountants of Scotland
www.icas.org.uk/icas
International Federation of Accountants
www.ifac.org
Global organization for the accountancy profession. Membership list has links to websites of main national bodies.
Libraries
Institute of Chartered Accountants in England and Wales (ICAEW)
Library
www.icaew.com/en/Library
Specialist library with the world's largest collection of historic accounting and finance books (covering 1494 to 1914), plus extensive holdings of current books and journals. Website offers free access to excellent guides on the structure of the accounting profession and how to find specific types of accounting information.
Accounting standards
Generally Accepted Accounting Principles (GAAP)
A term used to refer to the standard framework of guidelines for financial accounting used in any given jurisdiction. GAAP includes the standards, conventions and rules accountants follow in recording and summarizing transactions and in the preparation of financial statements.
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