Fields of Accounting

• Public Accounting

  • The accountant offers accounting and related services for a fee to companies, other organizations, and the general public.
  • In the Philippines, only licensed accountants can legally practice public accounting.
• Private Accounting

  • Accountants in private firms may or may not be a CPA.
  • They may be specialized in one particular job or task.
• Fields of Specialization

  1. General Accounting
  2. Cost Accounting
  3. Budgeting
  4. Internal Auditing
  5. Accounting Education
  6. International Accounting
  7. Social Accounting
• Common Services offered by CPA

  1. Auditing
  2. Management advisory services
  3. Tax services