Accountants bring far more to a business than simply number crunching. They are leaders, strategists, technologists, and advisors. They help ensure a business has the knowledge, resources, and agility it needs to remain successful over the long term. They also play a crucial role in building and maintaining the trust of the public in their ability to provide accurate, transparent, and reliable financial information.
Accountant values are the guiding principles and practices that a professional accountant adheres to when performing his or her duties. They are generally based on the principles of integrity, objectivity, professional competence and due care, and confidentiality. While there are some instances where these values come into conflict with commercial pressures or regulatory demands, a good accountant is expected to use his or her discretion to avoid taking on work that could compromise these values in the future.
The value that a company or individual’s assets have is known as their “accounting value” or “book value.” It is typically listed on a balance sheet, along with other financial reporting information. The underlying principle is that the value of an asset can be objectively determined by comparing it to what was paid for it – this is called the historical cost method and conforms with the principle of conservatism. As an asset ages, it gets depreciated, which results in its book value decreasing over time. This can be a useful metric when evaluating the health of a company, but it is often quite different than the true market value of an asset. Счетоводител цени