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In accounting there are four main areas. They are as follows corporate accounting, corporate finance, public accounting and investment banking.
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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.
What are the specialized fields of accounting?
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. Contributor's ID y_s_ganesh@yahoo.com
What are some examples of accounting business software?
Accounting business software is very helpful for creating invoices and tracking expenses. Some examples of accounting software are UNIT 4 Software and Net Suite.
Is there any difference between financial manager and finance manager?
Finance manager do the general duties relating to Finance Departement. While Financial Manager deals with the acquisationa and utilization of long and short term funds (Saeed)
Difference between business transaction and personal transaction?
I made a research and it says that: Business transaction is a economic activity or event that initiates the accounting process of recording it in the firm's accounting system while personal transaction means is a set of custom fields grouped together into a specific transaction type ad linked into a role. -Internet, Wikipedia
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.
What are the different fields of accountung?
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting
In which employment fields can accounting be used?
in bank
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.
What are the 4 phases accounting and meaning?
There are 4 phases of accounting as follows:RecordingClassifyingSummarizingInterpration
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 subfields of accounting?
1. Financial Accounting 2. Cost Accounting 3. Management Accounting 4. Social Accounting 5. Human Resource Accounting 6. National Accounting
