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Corporate Accounting
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Accountant Terms


  > Base Adjustment
Adjustments made to the initial base level budget to reflect total base level funding available to the agency. The list of acceptable base level technical and policy adjustments are included in the biennial budget instructions. Adjustments are generally made on a technical or policy basis. Examples of technical adjustments are one-time appropriations and program sunsets. Examples of policy adjustments are salary increases and space rental changes.
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  > Accrual Method Of Accounting
Accounts for income and expenses in the 12-month period earned or incurred, which is not necessarily when it is received or paid.
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  > Audit
A systematic review or examination of the assertions or actions of a third party to evaluate conformance to some norm or benchmark.
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   Welcome to Accountant Mississippi.com

While most people regard accounting as boring and tedious work, it's arguably the most important part of running a business. Mississippi accountants keep track of what money is coming in and what money is going out. But if your company gets stuck with a disgruntled or corrupt employee, you can find that the business could be owing money to the government and that it's in worse financial shape than it is on paper. With the help of an accounting professional in Mississippi, you could straighten everything out quickly.

Click here for Mississippi accountant services.

 
US Possessions tax credit, regardless of    
 
 
[2] Excludes excise taxes collected,[3] Includes tax-exempt organization,[4] Collections of tax (withheld and not withheld) [5] Includes estimated tax. [Money amounts are in thousands of dollars] in Mississippi
Total Internal Revenue collections [2] 9,759,258
Corporation income tax [3] 606,978
Total [4,5] 8,860,400
Income tax not withheld and SECA tax [4,5] 1,855,280
Induvidual income emploment taxes withheld and FICA tax [4] 6,948,231

Source: Internal Revenue Gross Collections, by State, Fiscal Year 2001
 

Accountants are responsible for a wide variety of duties. They make sure that a company is run efficiently, that records are kept accurately and that taxes are paid on time. Generally, accountants will prepare, analyze and verify financial documents.

There are four types of Mississippi accountants:

  • Public Accountants
  • Management Accountants
  • Government Accountants
  • Internal Accountants

Each accountant specializes in one particular field to provide specialized services for a company or for private clients. Their expertise is especially important at large public companies who are forced to disclose their financial status to investors or the Securities and Exchange Commission. But if the government discovers discrepancies in a company's financial records, the company and its executives could be in some big trouble: They could face hefty fines and jail time.

Our Mississippi Accountants can guide you through many circumstances arising from starting your own business and also assist you with all of your tax questions.

Some typical issues Mississippi Accountants may help you with include:

  • Auditing
  • General Accounting
  • Business Matters
  • Financial Planning
  • Mergers and Acquisitions

Contact our Mississippi Accountants


If you live in the following cities and need an accountant, you should contact our Mississippi Accountants as soon as possible:

  • Biloxi
  • Brandon
  • Brookhaven
  • Canton
  • Clarksdale
  • Cleveland
  • Clinton
  • Columbus
  • Corinth
  • Greenville
  • Greenwood
  • Grenada
  • Gulfport
  • Hattiesburg
  • Jackson
  • Laurel
  • Lucedale
  • Madison
  • Mccomb
  • Meridian
  • Natchez
  • Ocean Springs
  • Olive Branch
  • Oxford
  • Pearl
  • Philadelphia
  • Picayune
  • Ridgeland
  • Southaven
  • Starkville
  • Tupelo
  • Vicksburg
  • Yazoo City

       
 
Did You Know?    
 
 
You want to hire an accountant that practices GAAP.
Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States.

 
 
Mississippi Audio & Video    
 
  Accounting Standards
Audio, RM, 32 Kbps, 3:30, 1/16/2002

Bob Edwards talks with Chuck Landes, Director of Audit and Attest Standards at the American Institute of Certified Public Accountants.
Source: National Public Radio
 
 
Mississippi External Sites    
 
 

FASAB: FASAB Staff Members
Ms. Ranagan has served as a consultant, accountant, and auditor for the ... in the state of Texas and holds an MBA from Mississippi State University.
Betty L. Vinson, CPA: Admin. Proc. Rel. No. 33-8158 / D
Vinson, age 47, is and has at all relevant times been a certified public accountant licensed to practice in the State of Mississippi. ...

 
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Latest News
  Latest accountant news in Mississippi and nationwide:

Aug 22, 2005 - The Respondent Worked For
By the time the respondent was hired, Fleming had already commenced, without court authorization, to use receivership asse...
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Legal Disclaimers
The information provided on Accountant Mississippi.com is not intended to be accounting advice, but merely conveys general information related to accounting issues commonly encountered.

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