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LSDefine

Simple English definitions for legal terms

accountant

Read a random definition: look and feel

A quick definition of accountant:

An accountant is a professional who helps businesses keep track of their money. They make sure that all the financial information is correct and follows the rules. They also help businesses prepare their taxes and make sure they are following the law. Sometimes they even talk to the government about taxes. They also look at how a business works and suggest ways to make it better.

A more thorough explanation:

An accountant is a professional who is trained and licensed to handle the financial records of a business. They are responsible for ensuring that financial statements are accurate and complete, and that they comply with relevant laws and regulations. Some of the duties of an accountant include:

  • Preparing financial books and records and financial statements
  • Preparing tax returns and advising on tax issues
  • Representing clients before taxing authorities such as the Internal Revenue Service
  • Analyzing and evaluating the internal systems that affect business activities and practices

For example, an accountant might be responsible for preparing a company's income statement, which shows how much money the company made and spent during a certain period of time. They might also help the company prepare its tax returns and ensure that it is complying with all relevant tax laws. Additionally, an accountant might analyze the company's internal systems to identify areas where it could improve its financial practices.

account stated | accounting

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General

General chat about the legal profession.
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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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