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Types of Accounting

Types of ACCOUNTING FINANCIAL ACCOUNTING A field of accounting that prepares financial statements and analyse, reports the financial transactions of a company. 2 GOVERNMENTAL ACCOUNTING It is the process of recording the transactions incurred by the government. It is used in public sector. it ensures the financial position of public sector. MANAGEMENT ACCOUNTING Management Accounting also known as Managerial accounting providing financial resources and information to managers of the company for decision making. 4 FORENSIC ACCOUNTING Forensic Accounting examines the finances of any business as in individual or company. It investigates any fraud or misconduct in the business. TAX ACCOUNTING The accounting process that look afters the tax matters is tax accounting. It focusses on the taxes. It refers to the methods or policies to generate tax assets and liabilities. SOCIAL ACCOUNTING It is the process of reporting implications on organization's activity on social environment. It is a method by which a company seeks to place a value for its operations in society. 7 PROJECT ACCOUNTING Project Accounting keeps the track of financial progress of any project. It is oriented towards the project management. www.assignmenthelpservice.com

Types of Accounting

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Accounting plays an important role in the field of finance. Assignment help Service helps you to understand the types of accounting and its purpose.

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