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Branches of accounting

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Branches of accounting

  1. 1. Branches of Accounting:- Financial accounting refers to accounting refers to accounting for revenues, expenses, assets, andliabilities. It involves the basic accounting processes of recording,classifying, and summarizing transactions. Bale pedemakagamit o external users ani … silanaangmgacostumer, investors etc. bale pedesila mag inquiresa FS kungmakayapabasacompanyaangmubayadsautang ..kayparasamga mag pautangsaCOMpanykawarninganbakung pdepabasilapautangon o dilina ..-sauna ginatawagnasyaug balance sheet, pasabotang amount sa asset ug amount sa liability plusowner’s equity kay equal. Financial asset, financial statement naxaparasa company, angilang availableresources, utang u gang nabilinna capital.- Cost accounting is the branch of accounting dealing with the recording, classification, allocation, andreporting of current and prospective costs.-isa pod xaka financial statement pero more on sa cost ang topic. Example ..pilaang cost namagamit magbuhatugasukar, pilaangmabayransa processing .. ana ..- Managerial accounting is the branch of accounting designed to provide information to variousmanagement levels in the hospitality operation for the purpose ofenhancing controls.More on sa management nisya bale… intended langnina financial statement sa company. Bale samanager para ma tan aw nilaangmganingdotugdiliningdotnganahitabosulodsakumpanya ..diliperassaFinancial accounting .. para rani sa internal users ..- Tax accounting is the branch of accounting relating to the preparation and filing of tax forms with thegovernment agencies. Tax planning to minimize tax payments is asignificant part of the tax accountant’s work.Tax ..pra sax a samga tax alangan ,, bale gina compute diha kung pila nag tax napedenila I remit sa BIR ,,,dependemanasaila sales, purchases,, ana ,,,- Auditing is the branch of accounting involved in reviewing and evaluating documents, records, andcontrol systems. Auditing may be external or internal.
  2. 2. Pedena mag inquire ang internal ug external users ani ,, ang internal maonaangmgataosulodsa company.. mga manager staffs .,. anaba .. balebago pa ma validate angimong final FS .. dapat san a I audit baletan awondhakong nay mgasayop nana compute o nakulanganang account ,, anaba ,,, baledirinamusulodang verification process ,,-Fund accountingis used for nonprofit entities, including governments and not-for-profit corporations.Rather than seek to make a profit, governments and nonprofits deploy resources to achieve objectives.It is standard practice to distinguish between a general fund and special purpose funds. The generalfund is used for day-to-day operations, like paying employees or buying supplies. Special funds areestablished for specific activities, like building a new wing of a hospital.-o kaniparehasnisyasamgaschool ,mgasimbahan .. mganon profitnasila .. kaydilinasilanaga generate ugsales .,.. kungbago kung naasilaykwarta ,, funds langangtawagana ,, kay ..kanamaonailaipalitparasamgagamitugetc .. parasa satisfy nilaangginatawagnilana “OBJECTIVES” //perassa school .. objectivenilanamahataganug good education angmgastudyante ,, sodapatmaningdutonnilailang building ,, taga-an sweldoangmga teachers, paningdutonangmga library …diba .>?- forensic accountingis the use of accounting in legal matters, including litigation support, investigationand dispute resolution. There are many kinds of forensic accounting engagements: bankruptcy,matrimonial divorce, falsifications and manipulations of accounts or inventories, and so forth. Forensicaccountants give investigate and analyze financial evidence, give expert testimony in court and quantifydamages.Well kaniparanixasamgagiingondihasababaw ..bale example sa bankruptcy tan awonsamga accountantnganu man nan a bankrupt.. balepangitaonnilaangrasonba .. okDONE >>>

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