Question

what are branches of accounting?​

Answer 1

The famous branches or types of accounting include finanacial accounting, managerial accounting, cost accounting, auditing, taxation,Als, fiduciary, and forensic accounting.........

Answer 2

Answer:

Branches Of Accounting

Branches Of Accounting Are :-

• Financial Accounting :- Financial Accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to business.

• Cost Accounting :- Cost Accounting is defined as "a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail."

• Management Accounting :- The provision of financial data and advice to a company for use in the organisation and development of its business is called Management Accounting.

• Social Accounting :- Social Accounting is the process of communicating the social and environmental effects of organisations' economic actions to particular interest groups within society and to society at large.

• Tax Accounting :- Tax Accounting is a structure of accounting methods focused on taxes rather than the appearance of public financial statements.

• Government Accounting :- Government Accounting refers to the process of recording and the management of all financial transactions incurred by the government which includes its income and expenditures.

• Human Resource Accounting :- Human Resource Accounting is the process of identifying and reporting investments made in the human resources of an organisation that are presently unaccounted for in the conventional Accounting practices.

• Inflation Accounting :- Inflation Accounting is a special technique used to factor in the impact soaring or plummeting costs of goods in some regions of the world have on the reported figures of international companies.

• Quantitative Accounting :- Quantitative Accounting are concerned to the quantities of things. In Quantitative Accounting only accounts of quantity are done instead of monetary forms of goods.

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