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Human Development - Accounting

Accounting institutions and organizations

Get the right idea

For questions, rules and regulations concerning the do's and don'ts of accounting it is a good idea to check with an accounting institution or organization, or their web site. Most governments will have departments and institutions regarding accounting practices and developments. They are meant to be an unbiased source of information and can be helpful when in doubt.

However, accounting is a versatile art, and even the official institutions cannot give you all the information you need or request. It would be wise to prepare your questions or problems well in advance before contacting any accounting institution, making sure you are clear about what you need their help on. Otherwise it is certainly possible you will end up more confused and unsure than before you contacted them.

If you are conducting your business across borders the accounting waters can get very murky. Between the U.S. and the E.U., for example, there are many accounting differences, not to mention tax rules and regulations. Somehow all these free trade zones that are springing up across the world only seem to make matters worse rather than easier. Especially for a small or medium sized business.

But don't be put off. If you're market is across the border there is no reason you should not sell there. Just get the facts straight and you will have smooth sailing.



Accounting institutions and organizations

General Accounting Office (US) The General Accounting Office is the audit, evaluation, and investigative arm of Congress. GAO's activities are designed to ensure the executive branch's accountability to the Congress under the Constitution and the government's accountability to the American people. The  GAO is dedicated to good government through its commitment to the core values of accountability, integrity, and reliability.

American Accounting Association (US)

Besides general information about accounting this web sites deals with international accounting issues and includes a faculty department for students interested in accounting as well as a policies and procedures manual.
Financial Accounting Standards Board (US) The mission of the Financial Accounting Standards Board is to establish and improve standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.
International Accounting Standards Board (UK) A good site to visit concerning issues and developments in international accounting practices. Articles and discussions about accounting issues are well worked out.
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