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Specialised fields of accounting is Financial accounting , cost accounting & management accounting. The classification is purely based on what kind of accounting activities are conducted. E.g; in the case of financial accounting historical business transactions are recorded in the books of accounts of an undertaking. In some situation possible certain due transactions are entered as due entry. Costs considered are historical costs of various transactions
In the case of cost accounting cost calculations are done keeping historical & estimated costs. Cost accounting & the process calculating costs vary according to nature of business manufacturing activity or operating activities. costs are classified for costing & estimation which is essential in costing . Accounting function for costs can be historical /estimated or both depending on the policy.
Another field of management accounting encompasses both cost & financial accounting data /books to generate management reports (purely internal confidential reports). financial auditor verifies the truthfulness of financial records.
financial accounting data is publicized in the form of annual financial reports .costing & management accounting data are generated for internal purposes & they are also subject to cost & management audit.
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What are the four broad fields of accounting?
The four broad fields of accounting are:FinancialManagerialTaxationOther/Accounting-related
Specialized Accounting Fields?
Some specialized accounting fields include: tax accounting, corporate accounting and forensic accounting. Studying for these types of accounting position requires extra classes in college.
Enumerate various sub - fields of accounting?
enumerate and define the fields of accounting and the sub category
Specialized fields of accounting?
Specialized fields in accounting include tax accounting and forensic accounting. To take advantage of these specialties you must find a university offering the courses.
Fields in accounting?
There are many fields in accounting including, forensic, tax and general accounting. Typically, specialized accountants make the most money in the industry.
In which employment fields can accounting be used?
in bank
What is the 4 fields of accounting?
In accounting there are four main areas. They are as follows corporate accounting, corporate finance, public accounting and investment banking.
What specialized fields exists in accounting?
Some of the specialized fields in accounting include auditing and taxation. Many CPAs opt for taxation fields so that they can specialize and be able to prepare the taxation files of a company.
Are career opportunities in accounting plentiful?
Accounting jobs have been affected by the recession like everything else. However, opportunities are still better in accounting than in other fields, like the arts.
Which fields can benefit out of people with analytical skills?
There are many fields of work that can benefit by hiring people with analytic skills. These fields include computer programming, banking, business, accounting, and credit offices.
What are the different fields in accounting that CPAs can work in?
Being Certified Public Accountant(CPA)means you can do all accounting career and opportunities. There are three fields that a CPA can engage, these are private accounting, public accounting and government or not-for-profit accounting. In private accounting, these are the following careers: -Financial Accountant -Cost Accountant -Managerial Accountant -Budget Accountant -Tax Accountant -Accounting Information Systems -Internal Audit -Chief Financial Officer (CFO) -Controller While in Public accounting, these are the following careers: -Management Consulting -Review Engagements -External Audit -Tax Consulting In Government and Not for Profit Accounting, those CPAs fall from this field work for government or charitable institutions.
What are some applications for excel workbook and worksheet in both the fields of accounting and for an nfl team?
What are some application for excel workbooks and worksheets in both the field of accounting and for an NFL team
