real accounting, nominal accounting,personal accounting
personal accounting nominal accounting real accounting
1 - Cost accounting 2 - Financial accounting 3 - Management accounting
Following are major categories of accounting: 1 - Cost accounting 2- Financial accounting 3 - management accounting
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
1. easily to known about it because mainly all type of transaction is based on money in accounting. 2.it is continuous process. 3.is is never ending process.
Activities Involved in Accounting are : 1) Identifying 2) Measuring 3) Recording 4) Classifying 5) Communicating 6) Summarizing 7) Analyzing 8) Interpreting 9) Reporting 10) Decision Making
Subsystem of Accounting Information Systems (AIS) are:1.The Revenue Circleincludes sales and revenue in the form of cash.2. The Expenditure Cyclepurchasing activities and payment with cash.3. The Human Resources / payroll cycleincludes the activities of contract and hire employees4. The production cyclethe process of changing raw materials into finished material5. The financing cycleincludes activities to get data from investors, as well as their payments again.
Design, Control, and Improve
personal accounting nominal accounting real accounting
personal accounting nominal accounting real accounting
1 - Cost accounting 2 - Financial accounting 3 - Management accounting
Following are major categories of accounting: 1 - Cost accounting 2- Financial accounting 3 - management accounting
3 phases in manufacturing process
the environment
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
There are many branches of accounting. Some of the most important are given below:Annual AccountsManagement Accounts / Monthly ReportingStatutory AccountsMaintenance of Statutory RecordsAccounting for TrustsAccounting for Non-Profit Organisations and Charitable TrustsCompany Incorporations and Administration
Following are different branches of accounting:1- Cost Accounting2- Financial Accounting3- Management Accountingbranches of accounting are two:1-financial accounting2-management accounting(cost a/c & managerial a/c)