Accounting and their types by Mazhar Ali Mastoi
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Accounting involves systematically recording financial transactions of a business. There are several main types of accounting, including management accounting which focuses on internal information, financial accounting which records transactions and prepares financial statements, tax accounting which helps follow tax rules, forensic accounting which involves fraud investigations, and cost accounting which analyzes manufacturing costs. Accounting provides information to both internal and external users of a business's financial records and statements.
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
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Accounting and their types by Mazhar Ali Mastoi
- 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