Branches of Accounting

It is the broadest branch and is focused on the needs of external users. It is also primarily concerned with the recognition, measurement and communication of economic activities. 

• FINANCIAL ACCOUNTING

• MANAGEMENT ACCOUNTING

• EXTERNAL AUDITING

• ACADEMIC ACCOUNTING RESEARCH

• MANAGEMENT ACCOUNTING

It provides timely and relevant information for those internal users of accounting information, such as the managers and employees in their decision-making needs.

• FINANCIAL ACCOUNTING

• MANAGEMENT ACCOUNTING

• EXTERNAL AUDITING

• ACADEMIC ACCOUNTING RESEARCH

•  INTERNAL AUDITING

 It helps clients follow rules set by tax authorities. It includes tax planning and preparation of tax returns.   TAX ACCOUNTING

4. It deals with determining the operational efficiency of the company regarding the protection of the company’s assets, accuracy and reliability of the accounting data, and adherence to certain management policies

• FINANCIAL ACCOUNTING

• MANAGEMENT ACCOUNTING

• EXTERNAL AUDITING

• ACADEMIC ACCOUNTING RESEARCH

•  INTERNAL AUDITING

It refers to the examination of financial statements by an independent CPA with the purpose of expressing an opinion as to fairness of presentation and compliance with the GAAP.

• FINANCIAL ACCOUNTING

• MANAGEMENT ACCOUNTING

• EXTERNAL AUDITING

• ACADEMIC ACCOUNTING RESEARCH

•  INTERNAL AUDITING

 It helps standard-setting bodies around the world to develop new standards that will address recent issues or trend in global business.

• FINANCIAL ACCOUNTING

• MANAGEMENT ACCOUNTING

• EXTERNAL AUDITING

• ACADEMIC ACCOUNTING RESEARCH

•  INTERNAL AUDITING