(Hindi lang puno ang may branches, accounting din hahaha.)
-
Auditing - the examination and verification of company accounts and the firm's system of internal control.
a. External Auditor - primary obligation is to users of financial statements outside the organization.
b. Internal Auditor - primary responsibility is to company management.
Bookkeeping - gathering of financial information
Cost Accounting - analyzed the cost incurred by the business
Financial Accounting - supplying financial statements; focuses on external users.
Financial Management - focus on the capital
Management Accounting - emphasizes the preparation and analysis of accounting information within the organization; focuses on internal users.
Tax Accounting - based on laws enacted through the legislative process. Tax accountants help entities minimize their tax payments.
Government Accounting - used by all branches of the government
Fund Accounting - used for nonprofit entities, including governments and not-for-profit corporations.
a. General fund - used for day-to-day operations.
b. Special fund - established to fund specific objectives.
Forensic Accounting - use of accounting in legal matters.
Accounting Education - responsible for training future accountants
Accounting Research - creating new knowledge
**
Credits to Investopedia, BYU and Cabrera. Happy learning everyone! Ps. I'm on vacation so the updates are kinda slow.
YOU ARE READING
Accounting
RandomThis book is filled with accounting lessons specially crafted for accounting students and aspiring accountants. Dive into the world of numbers and financial know-how as I guide you through essential concepts and practical insights. Whether you're ju...
