Explain the branches of accounting?
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They may be owners, shareholders, management, suppliers, creditors, taxation authorities and various government agencies, etc. There are three main accounting branches, which include financial accounting, cost accounting, and management accounting.
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Branches of Accounting
Financial Accounting. Financial accounting is a systematic method of recording transactions of any business according to the accounting principles. ...
Cost Accounting. Cost accounting is considered a type of managerial accounting. ...
Auditing. ...
Managerial Accounting. ...
Tax Accounting. ...
Forensic Accounting. ...
Fiduciary Accounting.
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