In page navigation


Updated: Aug 20, 2021

Generally speaking the term accountant refers to a person who is responsible for preparing and keeping the accounts of an organization. In a more specific sense it is used, with a prefix such as ‘Chief or ‘Assistant’ or ‘Cost’, to denote a post of financial responsibility in industry or commerce, e.g. the chief accountant of a business is the person appointed to control the financial running of the concern and. with his staff, to keep all books and records demanded by law or by the proprietor(s). His position is one of considerable responsibility.

The term is also used in a generic sense much as the term ‘lawyer’. Any unqualified person may set up in business as an ‘accountant’ and take in work – usually tax work. He may advertise himself as such but must not, by the use of a prefix or suffix, suggest that he is a member of a professional association.

Reference: The Penguin Business Dictionary, 3rd edt.

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.