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Accountant Supplement

There are many accounting qualifications around the world. They are generally recognised by titles such as:

	Chartered Certified Accountant (ACCA or FCCA) and
	Chartered Accountant ( UK , Australia , New Zealand , Canada , India , Pakistan , South Africa )
	Certified Public Accountant ( Ireland , Japan , US, Singapore , Hong Kong)
	Certified Management Accountant ( Canada , U.S. )
	Certified General Accountant ( Canada ) or
	Certified Practising Accountant ( Australia ).

Whilst each accountant training program is unique, they generally cover the following core subjects:

	financial accounting
	government and non-profit accounting
	economics
	corporate finance
	information systems
	business law
	tax law
	auditing

Within each of these subjects, importance is often given to the competent management of:

	internal requirements – policies, procedures and instructions
	externally promoted policies and claims
	government regulations
	purchase orders, service level agreements, technical specifications & contracts and
	referenced documents, standards & codes.

In particular, Accountants are trained in the competent management of the following accounting standards:

	Generally Accepted Accounting Principles (GAPP) - UK & USA
	International Financial Reporting Standards (IFRS)

For example, when acting as a regulator, a client or an employer your staff need to:

develop their instructions for:

internal requirements – policies, procedures and instructions

externally promoted policies and claims

government regulations

purchase orders, service level agreements, technical specifications & contracts and

referenced documents, standards & codes.

give the instructions (articulate or draft)

check compliance (audit, inspect, test, assess)

resolve compliance disputes (negotiate, mediate, arbitrate & litigate)

fix non-compliances (correct & prevent)

When acting as a complier, employee, supplier, contractor, consultant, lawyer or translator your staff need to:

receive the instructions (hear and read)

understand the instructions (MIS 1200):

mandatory/elective requirements

timing dependencies, conditions, exceptions, alternatives

limiters

plan compliance

check compliance (audit, inspect, test, assess)

resolve compliance disputes (negotiate, mediate, arbitrate & litigate)

fix non-compliances (correct & prevent)

Organisations can use the Mustor Management system (MIS 10 000) to reduce the time and resources required for these tasks. This system will also reduce the costly and often embarrassing errors associated with these tasks.

Savvy employers can reduce their risks and increase their staff's productivity, by enrolling their staff in the Mustor Management Masterclass.