Branches of accounting

broadest brach, focused on the needs of the external users

financial accounting

• - timely and relevant information for those internal sers of accounting information

• Management accounting

• deals with how the funds of the government are recorded and reported 

government accounting

types of auditing

internal and external

auditing that - see to it that established accounting procedures are being followed

Internal

Auditing - examination of the books of the accounts to see if established criteria are followed

External

- involves the preparation of income tax returns and the determination of correct amount of taxes due and payable to the government

Tax accounting

• - concerts primarily on cost collection, allocation and control of producing goods and services

  • Helps set selling price of products

• Cost accounting

- dels with developing future accountants by creting relevant accounting curriculum

Accounting education 

• - helps standard setting bodies around the world to develop new standards that will address recent issues or trend in global business

• Accounting research