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Corporate Accounting
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Accountant Terms


  > Cash Letter
A group of checks accompanied by a paper listing sent to a clearinghouse, a Federal Reserve Bank, or another institution. A cash letter contains a number of negotiable items, mostly checks, accompanied by a letter that lists the amounts and instructions for transmittal to another bank. May also be called a transmittal letter.
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  > Double-Entry Accounting
A system of accounting that records each business transaction twice.
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  > Net Income
Gross income less expenses; it represents a business's profit for a given year.
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   Accountant News:

Office of the Chief Accountant Selects Two Professional Accounting Fellows


Washington, D.C., Mar. 30, 2006 — The Securities and Exchange Commission's Office of the Chief Accountant has selected two professional accounting fellows for two-year terms beginning in June 2006:


Sandie E. Kim, currently a senior manager in Deloitte & Touche LLP's National Office Accounting Consultation Group based in San Francisco, Calif.; and


Josh K. Jones, currently a senior manager in Ernst & Young LLP's Atlanta, Ga., practice office.

Ms. Kim and Mr. Jones will join the current professional accounting fellows — Joseph D. McGrath, Michael G. Gaynor, Timothy S. Kviz, and Joseph B. Ucuzoglu. Outgoing professional accounting fellows are Shan L. Benedict, Jennifer M. Burns, Mark A. Northan, Brian K. Roberson, and Pamela R. Schlosser.

At the Commission, the newly selected professional accounting fellows will be involved in the study and development of rule proposals under the federal securities laws, liaison with the professional accounting and auditing standards-setting bodies, and consultation with registrants on accounting and reporting matters.

"Sandie and Josh were selected in a highly competitive process and bring valuable experiences and skills to our office. These individuals will be instrumental members of our team as we work to accomplish our mission of protecting investors. I would also like to express my thanks to the outgoing professional accounting fellows for their outstanding efforts during the past two years," said Scott A. Taub, Acting Chief Accountant.

Contact our West Virginia Accountants


If you live in the following cities and need an accountant, you should contact our West Virginia Accountants as soon as possible:

  • Barboursville
  • Beckley
  • Bluefield
  • Bridgeport
  • Buckhannon
  • Charles Town
  • Charleston
  • Clarksburg
  • Elkins
  • Elkview
  • Fairmont
  • Grafton
  • Harpers Ferry
  • Huntington
  • Hurricane
  • Keyser
  • Logan
  • Martinsburg
  • Morgantown
  • Moundsville
  • Oak Hill
  • Parkersburg
  • Princeton
  • Saint Albans
  • Vienna
  • Weirton
  • Wellsburg
  • Wheeling
       
 
Did You Know?    
 
 
Accountants work in different areas of practice.
Some accountants prefer to work alone, but in general they usually work for public accounting firms, the government or corporations.

 
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Latest News
  Latest accountant news in West Virginia and nationwide:

Jul 14, 2006 - F.E.R.C, Strengthens Customer Protection, Facilitates Investment In Electricity Industry
The Federal Energy Regulatory Commission today harmonized provisions of two key Energy Policy Act of 2005 rulemakings addr...
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Jun 28, 2006 - International Accounting Standards Committee
International Accounting Standards Committee

The Trustees of the International Accounting Standar...

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Aug 22, 2005 - Discipline Against The Respondent
On October 29, 2001, bar counsel filed a five-count petition for discipline against the respondent. On February 27, 2002, ...
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