Branch of accounting that deals with the recording of business transactions, classifying them, and summarizing them in financial statements
Management accounting
Branch of accounting that collects information to be used by management for decision-making
Cost accounting
Branch of accounting that deals with anything the company has sacrificed or spent to produce goods/services
Government accounting
Branch of accounting that deals with the receipt and disposition of public finance
Auditing
Branch of accounting that involves checking and verification, either internally or externally
Internal auditing
Checking the operations of a company to ensure they are in line with management policies
External auditing
Checking and verifying the accuracy of a company's financial statements by a third-party auditor
Tax accounting
Branch of accounting that deals with the computation, filing, and reporting of taxes
Accounting education
Teaching accounting, finance, and other technically related subjects to students and accountants
Accounting research
Creation of new knowledge, either academic or applied in the industry
There is a great demand for certified public accountants to become accounting instructors in colleges, who must have a CPA license and a master's degree
