SlideShare a Scribd company logo
1 of 8
By: Mazhar Ali Mastoi
Venue: SZABIST ZABTech (iTve) larkana
TITLE
Types
of
accounting
Main Types of Accounting are listed
below
 1 financial
 2 Management
 3 Government
 4 Tax
 5 Forensic
 6 Project
 7 Social
 1. Financial Accounting: It is also called financial
reporting,
it is the maintenance of daily record of ALL financial
transactions that would help in the preparation of
financial affairs of business.
 2. Management Accounting: To provide information
to the management and enable informed decision
making.
Management accounting is used to monitor (to watch)
the financial performance of an organization.
 3. Government Accounting: Also known as public
accounting and federal accounting used in the public
sector.
 4. Tax accounting: Tax accounting refers to accounting for
the tax related matters. Tax accounting consists
of accounting methods that focus on taxes.
 5. Forensic accounting: The use of accounting to
investigate accountants loss or detection of a financial
fraud.
 6. Project Accounting: It is the branch of management
accounting that focus on success of company project such
as the launch of a new project.
 Social Accounting: Social accounting may be defined
as identification and recording of business activities
and social responsibilities.
What is Accounting and their types by Mazhar Ali Mastoi

More Related Content

What's hot

Finance Payroll Assistant
Finance Payroll Assistant Finance Payroll Assistant
Finance Payroll Assistant YPIC
 
Annual report - tips from CRUF.com
Annual report - tips from CRUF.comAnnual report - tips from CRUF.com
Annual report - tips from CRUF.comYounomy
 
International accounting comparative accounting Europe (ch3)
International accounting comparative accounting Europe (ch3)International accounting comparative accounting Europe (ch3)
International accounting comparative accounting Europe (ch3)Mohammed Alashi
 
International accounting development and classification (ch2)
International accounting development and classification (ch2)International accounting development and classification (ch2)
International accounting development and classification (ch2)Mohammed Alashi
 
Financial statements MBA
Financial statements MBAFinancial statements MBA
Financial statements MBAjatinjotsingh1
 
Management accounting 1
Management accounting 1Management accounting 1
Management accounting 1kulbirsingh100
 
Introduction to Accounting by Dr. Suresh Vadde
Introduction to Accounting by Dr. Suresh VaddeIntroduction to Accounting by Dr. Suresh Vadde
Introduction to Accounting by Dr. Suresh VaddeSuresh Vadde
 
International accounting ch1 an introduction
International accounting ch1 an introductionInternational accounting ch1 an introduction
International accounting ch1 an introductionMohammed Alashi
 
Accounting Information System (AIS)
Accounting Information System (AIS)Accounting Information System (AIS)
Accounting Information System (AIS)Osareme Erhomosele
 
International financial reporting standards
International financial reporting standardsInternational financial reporting standards
International financial reporting standardsBiswajit Paul
 
Introduction to MANAGEMENT ACCOUNTING
Introduction to MANAGEMENT ACCOUNTINGIntroduction to MANAGEMENT ACCOUNTING
Introduction to MANAGEMENT ACCOUNTINGBhawnaArora47
 
Financial statements analysis
Financial statements analysisFinancial statements analysis
Financial statements analysisShivaji Shinde
 

What's hot (15)

Finance Payroll Assistant
Finance Payroll Assistant Finance Payroll Assistant
Finance Payroll Assistant
 
Annual report - tips from CRUF.com
Annual report - tips from CRUF.comAnnual report - tips from CRUF.com
Annual report - tips from CRUF.com
 
International accounting comparative accounting Europe (ch3)
International accounting comparative accounting Europe (ch3)International accounting comparative accounting Europe (ch3)
International accounting comparative accounting Europe (ch3)
 
International accounting development and classification (ch2)
International accounting development and classification (ch2)International accounting development and classification (ch2)
International accounting development and classification (ch2)
 
Financial statements MBA
Financial statements MBAFinancial statements MBA
Financial statements MBA
 
Management accounting 1
Management accounting 1Management accounting 1
Management accounting 1
 
Basic
BasicBasic
Basic
 
Introduction to Accounting by Dr. Suresh Vadde
Introduction to Accounting by Dr. Suresh VaddeIntroduction to Accounting by Dr. Suresh Vadde
Introduction to Accounting by Dr. Suresh Vadde
 
International accounting ch1 an introduction
International accounting ch1 an introductionInternational accounting ch1 an introduction
International accounting ch1 an introduction
 
Accounting Information System (AIS)
Accounting Information System (AIS)Accounting Information System (AIS)
Accounting Information System (AIS)
 
International financial reporting standards
International financial reporting standardsInternational financial reporting standards
International financial reporting standards
 
Ch06
Ch06Ch06
Ch06
 
Revised audit report
Revised audit reportRevised audit report
Revised audit report
 
Introduction to MANAGEMENT ACCOUNTING
Introduction to MANAGEMENT ACCOUNTINGIntroduction to MANAGEMENT ACCOUNTING
Introduction to MANAGEMENT ACCOUNTING
 
Financial statements analysis
Financial statements analysisFinancial statements analysis
Financial statements analysis
 

Similar to What is Accounting and their types by Mazhar Ali Mastoi

Understanding accounting
Understanding accounting Understanding accounting
Understanding accounting Mohamed Farrag
 
Nature of accounting
Nature of accountingNature of accounting
Nature of accountingsanjoygiri
 
Understanding the Scope of Accounting
Understanding  the  Scope of  AccountingUnderstanding  the  Scope of  Accounting
Understanding the Scope of AccountingEbizfilingIndia
 
11 accountancy keynotes_ch01_introduction_to_accounting
11 accountancy keynotes_ch01_introduction_to_accounting11 accountancy keynotes_ch01_introduction_to_accounting
11 accountancy keynotes_ch01_introduction_to_accountingCHAUHAN KISHOR GANPAT SHINH
 
Different types of accounting practices.pdf
Different types of accounting practices.pdfDifferent types of accounting practices.pdf
Different types of accounting practices.pdfAccountingServices3
 
Deepening ABM1..pptxdesktop.pptx
Deepening ABM1..pptxdesktop.pptxDeepening ABM1..pptxdesktop.pptx
Deepening ABM1..pptxdesktop.pptxKarenKateRSibayan
 
4. INTRODUCTION TO ACCOUNTING.
4. INTRODUCTION TO ACCOUNTING.4. INTRODUCTION TO ACCOUNTING.
4. INTRODUCTION TO ACCOUNTING.SUJATA WANKHEDE
 
INTRODUCTION TO ACCOUTING CLASS11
INTRODUCTION TO ACCOUTING CLASS11INTRODUCTION TO ACCOUTING CLASS11
INTRODUCTION TO ACCOUTING CLASS11AnshKarkra
 
Financial Accounting Unit 1.pptx
Financial Accounting Unit 1.pptxFinancial Accounting Unit 1.pptx
Financial Accounting Unit 1.pptxVibhavRautela2
 
Introduction to Accounting
Introduction to AccountingIntroduction to Accounting
Introduction to AccountingDr. Bhavik Shah
 
Financial accounting
Financial accountingFinancial accounting
Financial accountingRaj vardhan
 
intro_to_accounting.ppt
intro_to_accounting.pptintro_to_accounting.ppt
intro_to_accounting.pptssuserbb2c57
 
Introduction to Management Accounting- Dr. J.Mexon
Introduction to Management Accounting- Dr. J.MexonIntroduction to Management Accounting- Dr. J.Mexon
Introduction to Management Accounting- Dr. J.MexonDr. J.Mexon Fernando
 
Introduction of accounting_2016_09_24_05_08_16_467
Introduction of accounting_2016_09_24_05_08_16_467Introduction of accounting_2016_09_24_05_08_16_467
Introduction of accounting_2016_09_24_05_08_16_467Bandri Nikhil
 
Introduction of accounting
Introduction of accountingIntroduction of accounting
Introduction of accountingBandri Nikhil
 
Accounting.pptx
Accounting.pptxAccounting.pptx
Accounting.pptxJuveni
 

Similar to What is Accounting and their types by Mazhar Ali Mastoi (20)

Understanding accounting
Understanding accounting Understanding accounting
Understanding accounting
 
Nature of accounting
Nature of accountingNature of accounting
Nature of accounting
 
Understanding the Scope of Accounting
Understanding  the  Scope of  AccountingUnderstanding  the  Scope of  Accounting
Understanding the Scope of Accounting
 
11 accountancy keynotes_ch01_introduction_to_accounting
11 accountancy keynotes_ch01_introduction_to_accounting11 accountancy keynotes_ch01_introduction_to_accounting
11 accountancy keynotes_ch01_introduction_to_accounting
 
2.accounting overview
2.accounting overview2.accounting overview
2.accounting overview
 
Different types of accounting practices.pdf
Different types of accounting practices.pdfDifferent types of accounting practices.pdf
Different types of accounting practices.pdf
 
Deepening ABM1..pptxdesktop.pptx
Deepening ABM1..pptxdesktop.pptxDeepening ABM1..pptxdesktop.pptx
Deepening ABM1..pptxdesktop.pptx
 
4. INTRODUCTION TO ACCOUNTING.
4. INTRODUCTION TO ACCOUNTING.4. INTRODUCTION TO ACCOUNTING.
4. INTRODUCTION TO ACCOUNTING.
 
INTRODUCTION TO ACCOUTING CLASS11
INTRODUCTION TO ACCOUTING CLASS11INTRODUCTION TO ACCOUTING CLASS11
INTRODUCTION TO ACCOUTING CLASS11
 
Financial Accounting Unit 1.pptx
Financial Accounting Unit 1.pptxFinancial Accounting Unit 1.pptx
Financial Accounting Unit 1.pptx
 
Introduction to Accounting
Introduction to AccountingIntroduction to Accounting
Introduction to Accounting
 
Financial accounting
Financial accountingFinancial accounting
Financial accounting
 
Unit 1
Unit 1 Unit 1
Unit 1
 
intro_to_accounting.ppt
intro_to_accounting.pptintro_to_accounting.ppt
intro_to_accounting.ppt
 
Financial management essentials
Financial management essentials Financial management essentials
Financial management essentials
 
Introduction to Management Accounting- Dr. J.Mexon
Introduction to Management Accounting- Dr. J.MexonIntroduction to Management Accounting- Dr. J.Mexon
Introduction to Management Accounting- Dr. J.Mexon
 
Introduction of accounting_2016_09_24_05_08_16_467
Introduction of accounting_2016_09_24_05_08_16_467Introduction of accounting_2016_09_24_05_08_16_467
Introduction of accounting_2016_09_24_05_08_16_467
 
Introduction of accounting
Introduction of accountingIntroduction of accounting
Introduction of accounting
 
Accounting.pptx
Accounting.pptxAccounting.pptx
Accounting.pptx
 
accounting2
accounting2accounting2
accounting2
 

Recently uploaded

Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdfProgress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdfHolger Mueller
 
如何办理(SUT毕业证书)斯威本科技大学毕业证成绩单本科硕士学位证留信学历认证
如何办理(SUT毕业证书)斯威本科技大学毕业证成绩单本科硕士学位证留信学历认证如何办理(SUT毕业证书)斯威本科技大学毕业证成绩单本科硕士学位证留信学历认证
如何办理(SUT毕业证书)斯威本科技大学毕业证成绩单本科硕士学位证留信学历认证ogawka
 
Unlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA FirmsUnlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA FirmsYourLegal Accounting
 
Beyond Numbers A Holistic Approach to Forensic Accounting
Beyond Numbers A Holistic Approach to Forensic AccountingBeyond Numbers A Holistic Approach to Forensic Accounting
Beyond Numbers A Holistic Approach to Forensic AccountingYourLegal Accounting
 
Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesHaseebBashir5
 
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© رnafizanafzal
 
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg PfizerJual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg PfizerPusat Herbal Resmi BPOM
 
Should Law Firms Outsource their Bookkeeping
Should Law Firms Outsource their BookkeepingShould Law Firms Outsource their Bookkeeping
Should Law Firms Outsource their BookkeepingYourLegal Accounting
 
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfThe Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfbelieveminhh
 
What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...srcw2322l101
 
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdfInnomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdfInnomantra
 
Space Tech Expo Exhibitor List 2024 - Exhibitors Data
Space Tech Expo Exhibitor List 2024 - Exhibitors DataSpace Tech Expo Exhibitor List 2024 - Exhibitors Data
Space Tech Expo Exhibitor List 2024 - Exhibitors DataExhibitors Data
 
Pay after result spell caster (,$+27834335081)@ bring back lost lover same da...
Pay after result spell caster (,$+27834335081)@ bring back lost lover same da...Pay after result spell caster (,$+27834335081)@ bring back lost lover same da...
Pay after result spell caster (,$+27834335081)@ bring back lost lover same da...BabaJohn3
 
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.daisycvs
 
First Time Home Buyer's Guide - KM Realty Group LLC
First Time Home Buyer's Guide - KM Realty Group LLCFirst Time Home Buyer's Guide - KM Realty Group LLC
First Time Home Buyer's Guide - KM Realty Group LLCTammy Jackson
 
Toyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & TransformationsToyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & TransformationsStefan Wolpers
 
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...drm1699
 

Recently uploaded (20)

Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdfProgress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
 
如何办理(SUT毕业证书)斯威本科技大学毕业证成绩单本科硕士学位证留信学历认证
如何办理(SUT毕业证书)斯威本科技大学毕业证成绩单本科硕士学位证留信学历认证如何办理(SUT毕业证书)斯威本科技大学毕业证成绩单本科硕士学位证留信学历认证
如何办理(SUT毕业证书)斯威本科技大学毕业证成绩单本科硕士学位证留信学历认证
 
Unlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA FirmsUnlocking Growth The Power of Outsourcing for CPA Firms
Unlocking Growth The Power of Outsourcing for CPA Firms
 
Beyond Numbers A Holistic Approach to Forensic Accounting
Beyond Numbers A Holistic Approach to Forensic AccountingBeyond Numbers A Holistic Approach to Forensic Accounting
Beyond Numbers A Holistic Approach to Forensic Accounting
 
Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO Services
 
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![©  ر
00971508021841 حبوب الإجهاض في دبي | أبوظبي | الشارقة | السطوة |❇ ❈ ((![© ر
 
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg PfizerJual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer
 
Obat Aborsi Surabaya 0851\7696\3835 Jual Obat Cytotec Di Surabaya
Obat Aborsi Surabaya 0851\7696\3835 Jual Obat Cytotec Di SurabayaObat Aborsi Surabaya 0851\7696\3835 Jual Obat Cytotec Di Surabaya
Obat Aborsi Surabaya 0851\7696\3835 Jual Obat Cytotec Di Surabaya
 
Should Law Firms Outsource their Bookkeeping
Should Law Firms Outsource their BookkeepingShould Law Firms Outsource their Bookkeeping
Should Law Firms Outsource their Bookkeeping
 
Contact +971581248768 for 100% original and safe abortion pills available for...
Contact +971581248768 for 100% original and safe abortion pills available for...Contact +971581248768 for 100% original and safe abortion pills available for...
Contact +971581248768 for 100% original and safe abortion pills available for...
 
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdfThe Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
The Vietnam Believer Newsletter_May 13th, 2024_ENVol. 007.pdf
 
What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...
 
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdfInnomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
 
Space Tech Expo Exhibitor List 2024 - Exhibitors Data
Space Tech Expo Exhibitor List 2024 - Exhibitors DataSpace Tech Expo Exhibitor List 2024 - Exhibitors Data
Space Tech Expo Exhibitor List 2024 - Exhibitors Data
 
Pay after result spell caster (,$+27834335081)@ bring back lost lover same da...
Pay after result spell caster (,$+27834335081)@ bring back lost lover same da...Pay after result spell caster (,$+27834335081)@ bring back lost lover same da...
Pay after result spell caster (,$+27834335081)@ bring back lost lover same da...
 
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
Abortion pills in Muscut<Oman(+27737758557) Cytotec available.inn Kuwait City.
 
First Time Home Buyer's Guide - KM Realty Group LLC
First Time Home Buyer's Guide - KM Realty Group LLCFirst Time Home Buyer's Guide - KM Realty Group LLC
First Time Home Buyer's Guide - KM Realty Group LLC
 
Home Furnishings Ecommerce Platform Short Pitch 2024
Home Furnishings Ecommerce Platform Short Pitch 2024Home Furnishings Ecommerce Platform Short Pitch 2024
Home Furnishings Ecommerce Platform Short Pitch 2024
 
Toyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & TransformationsToyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & Transformations
 
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
#Mtp-Kit Prices » Qatar. Doha (+27737758557) Abortion Pills For Sale In Doha,...
 

What is Accounting and their types by Mazhar Ali Mastoi

  • 1.
  • 2. By: Mazhar Ali Mastoi Venue: SZABIST ZABTech (iTve) larkana
  • 4. Main Types of Accounting are listed below  1 financial  2 Management  3 Government  4 Tax  5 Forensic  6 Project  7 Social
  • 5.  1. Financial Accounting: It is also called financial reporting, it is the maintenance of daily record of ALL financial transactions that would help in the preparation of financial affairs of business.  2. Management Accounting: To provide information to the management and enable informed decision making. Management accounting is used to monitor (to watch) the financial performance of an organization.
  • 6.  3. Government Accounting: Also known as public accounting and federal accounting used in the public sector.  4. Tax accounting: Tax accounting refers to accounting for the tax related matters. Tax accounting consists of accounting methods that focus on taxes.  5. Forensic accounting: The use of accounting to investigate accountants loss or detection of a financial fraud.  6. Project Accounting: It is the branch of management accounting that focus on success of company project such as the launch of a new project.
  • 7.  Social Accounting: Social accounting may be defined as identification and recording of business activities and social responsibilities.