What is Accounting and their types. (Definitions)

2. SZABIST-ZABTech iTve larkana
Computerized accounting
Types of accounting
SUBJECT INSTRUCTOR MADAM SANA Mazhar Ali Mastoi

3. Accounting: Accounting is the systematic
recording of financial transactions of a
business.
Simply accounting is the art or skill of recording
financial status and financial transactions of a
business is known as accounting.

4.  The main types of accounting are defined below
 1. Management accounting: managerial or
management accounting focusing on providing
information for use by internal users, the
management.
 2. Financial accounting: Financial accounting
recording and classifying business transactions,
and preparing and presenting financial
statement to be internal and external users.

5.  3.Tax accounting: Tax accounting helps clients
follow rules set by tax authorities. It includes tax
planning and preparation of tax returns
 4. Forensic accounting: Forensic accounting
involves fraud investigations, claims and dispute
resolution, and other area that involve legal
matters.This is one of the popular trends in
accounting today.
 5. Cost accounting: sometimes cost accounting
refers to the recording, presenting and analysis
of manufacturing costs.

6. Thank you