Types of Accounting

Cards (4)

  • What is financial accounting?
    An accounting practice that records, summaries and reports the financial activities and health of a business.
  • What is managerial accounting?
    An accounting practice in which business managers use information from financial accounting to conduct business planning, budgeting and decision-making.
  • What is tax accounting?
    An accounting practice that focuses on the preparation of tax returns and payments.
  • What is forensic accounting?
    An accounting practice which uses other accounting practices, auditing and investigative skills to examine financial statements to find evidence of crime.