What are the different branches of accounting?
Following are different branches of accounting:
1- Cost Accounting
2- Financial Accounting
3- Management Accounting
branches of accounting are two:
2-management accounting(cost a/c & managerial a/c)
Financial accounting refers to accounting refers to accounting for revenues, expenses, assets, and liabilities. It involves the basic accounting processes of recording, classifying, and summarizing transactions. - Cost accounting is the branch of accounting dealing with the recording, classification, allocation, and reporting of current and prospective costs. - Managerial accounting is the branch of accounting designed to provide information to various management levels in the hospitality operation for the purpose of enhancing controls.