explain branches of accounting
The objective is to record, prepare and present financial information systematically to be able to ascertain the financial results of the . Write a short note ACCOUNTING CHAPTER 2 LEARNING OBJECTIVES: • I will be able to differentiate the different branches of accounting. Irene G. Gonzales, LPT. There are eight branches of accounting as follows: Financial . This branch of accounting provides information to management for better administration of the business. Management Accounting is prepared for the specific needs of the department manager and/or Chief Executive Officer. It involves preparing budgets and comparing actual performance with budgetary performance to achieve the targets. At the end of the year, the trial balance is made and sent to the head office. Filed Under: CBSE Tagged With: Accounting, Branches of Accounting, Branches of Accounting PDF, Branches of Accounting PPT, Cost Accounting, Different Branches of Accounting, Financial Accounting, Human Resource Accounting, Introduction to Accouting, Management Accounting, Social Responsibility Accounting, RD Sharma Class 11 Solutions Free PDF Download, NCERT Solutions for Class 12 Computer Science (Python), NCERT Solutions for Class 12 Computer Science (C++), NCERT Solutions for Class 12 Business Studies, NCERT Solutions for Class 12 Micro Economics, NCERT Solutions for Class 12 Macro Economics, NCERT Solutions for Class 12 Entrepreneurship, NCERT Solutions for Class 12 Political Science, NCERT Solutions for Class 11 Computer Science (Python), NCERT Solutions for Class 11 Business Studies, NCERT Solutions for Class 11 Entrepreneurship, NCERT Solutions for Class 11 Political Science, NCERT Solutions for Class 11 Indian Economic Development, NCERT Solutions for Class 10 Social Science, NCERT Solutions For Class 10 Hindi Sanchayan, NCERT Solutions For Class 10 Hindi Sparsh, NCERT Solutions For Class 10 Hindi Kshitiz, NCERT Solutions For Class 10 Hindi Kritika, NCERT Solutions for Class 10 Foundation of Information Technology, NCERT Solutions for Class 9 Social Science, NCERT Solutions for Class 9 Foundation of IT, PS Verma and VK Agarwal Biology Class 9 Solutions, NCERT Solutions for Class 10 Science Chapter 1, NCERT Solutions for Class 10 Science Chapter 2, Periodic Classification of Elements Class 10, NCERT Solutions for Class 10 Science Chapter 7, NCERT Solutions for Class 10 Science Chapter 8, NCERT Solutions for Class 10 Science Chapter 9, NCERT Solutions for Class 10 Science Chapter 10, NCERT Solutions for Class 10 Science Chapter 11, NCERT Solutions for Class 10 Science Chapter 12, NCERT Solutions for Class 10 Science Chapter 13, NCERT Solutions for Class 10 Science Chapter 14, NCERT Solutions for Class 10 Science Chapter 15, NCERT Solutions for Class 10 Science Chapter 16, CBSE Previous Year Question Papers Class 12, CBSE Previous Year Question Papers Class 10. We begin by briefly examining the relationship between accounting theory and the institutional structure of accounting. Main Branches of Accounting 1.Financial Accounting: This accounting field concerns with general accounting system.It is engaged in recording the business transaction in books and preparation of periodical reports for managers and general public. Found inside â Page 102Perhaps it would be a simple way if I were to and the examining branch and subordinate establishask you what is done ... by the accounting officer , and tell us exactly what is I think , has been laid before you by the lower division ... Financial accounting is a branch of accounting which records each financial information and analyse it to determine the financial position of a business. Accounting is the part of a business that is responsible for the company's finances. Various facets of accounting theory are discussed throughout this book. This gave rise to special branches of accounting. Presented by- Afsar Ali 82 Pawan 85 Pooja 86 Sashi 98 Ravi 108 2. contents Introduction Different types of branches Home branches Foreign branches Important branch Method of keeping accounts of dependent branches 3. This involves deciding beforehand the financial engagements necessary for a company to achieve its goals.
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