Question

5. Which branch of accounting measures organisational economic soundness?​

Answer 1

Explanation:

There are eight types of financial accounting. Each branch has come about thanks to technological, economic or industrial developments and has its own specialized use. Accountants tend to specialize in one branch.

Some of these branches of accounting are important to small businesses. Their usefulness will be noted below, as applicable.

• Financial Accounting
• Cost Accounting
• Auditing
• Managerial Accounting
• Accounting Information Systems
• Tax Accounting
• Forensic Accounting
• Fiduciary Accounting