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Each the text accounting and accountancy had been in use in Great Britain with the mid-1800s, and they are derived from the terms accompting and accountantship used in the 18th century.[23] In Center English (applied about among the twelfth and the late fifteenth century) the verb "to account" experienced the form accounten, which was derived from the Outdated French word aconter,[24] which happens to be subsequently connected with the Vulgar Latin word computare, that means "to reckon".

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At the least a bachelor's degree in accounting or simply a linked industry is required for most accountant and auditor position positions, and some employers choose applicants which has a grasp's diploma.[50] A degree in accounting may be necessary for, or can be used to satisfy the necessities for, membership to Expert accounting bodies.

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