(Hindi lang puno ang may branches, accounting din hahaha.)
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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
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Credits to Investopedia, BYU and Cabrera. Happy learning everyone! Ps. I'm on vacation so the updates are kinda slow.
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Accounting
Non-FictionThis 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...
