branches of accounting

• Branches of accounting

  • Financial accounting
  • Management accounting
  • Cost accounting
  • Government accounting
  • Auditing
  • Tax accounting
  • Accounting education
  • Accounting research
• Financial accounting


  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
• Balance Sheet - A snapshot of assets, liabilities, and equity at a specific point in time.