Scribd Logo
Upload

Welcome to Scribd!

  • 2K views

    FABM1 Lesson2-1 Branches of Accounting

    Uploaded by

    Kassandra Kay
    The document discusses the main branches or sectors of accounting: 1. Public accounting includes external auditing, tax preparation and planning services, and management advisory services. 2. Private accounting includes financial accounting, cost accounting, budgeting, accounting information systems, tax accounting, and internal auditing. 3. Government accounting is used to record and report financial transactions in government offices. 4. Accounting education is responsible for training future accountants through teaching accounting, financial management, taxation, and other related business courses.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    FABM1 Lesson2-1 Branches of Accounting

    Uploaded by

    Kassandra Kay
    2K views12 pages
    The document discusses the main branches or sectors of accounting: 1. Public accounting includes external auditing, tax preparation and planning services, and management advisory services. 2. Private accounting includes financial accounting, cost accounting, budgeting, accounting information systems, tax accounting, and internal auditing. 3. Government accounting is used to record and report financial transactions in government offices. 4. Accounting education is responsible for training future accountants through teaching accounting, financial management, taxation, and other related business courses.

    Original Description:

    Accounting

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses the main branches or sectors of accounting: 1. Public accounting includes external auditing, tax preparation and planning services, and management advisory services. 2. Private accounting includes financial accounting, cost accounting, budgeting, accounting information systems, tax accounting, and internal auditing. 3. Government accounting is used to record and report financial transactions in government offices. 4. Accounting education is responsible for training future accountants through teaching accounting, financial management, taxation, and other related business courses.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    2K views12 pages

    FABM1 Lesson2-1 Branches of Accounting

    Uploaded by

    Kassandra Kay
    The document discusses the main branches or sectors of accounting: 1. Public accounting includes external auditing, tax preparation and planning services, and management advisory services. 2. Private accounting includes financial accounting, cost accounting, budgeting, accounting information systems, tax accounting, and internal auditing. 3. Government accounting is used to record and report financial transactions in government offices. 4. Accounting education is responsible for training future accountants through teaching accounting, financial management, taxation, and other related business courses.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 12

    Branches of

    Accounting

    Fundamentals of Accounting, Business and


    Management 1

    ABM_FABM11-IIIa-5
    Who do you think is/are involved in the
    preparation of the financial report?
    Philippine Institute of certified Public Accountants
    (PICPA)

    An association of Certified Public Accountants engaged


    in the various fields of accounting. PICPA classifies theses
    field or branches of accounting into 4 main sectors namely:
    – Public Accounting
    – Private Accounting (commerce and industry)
    – Government Accounting
    – Accounting Education
    Public Accounting

    – External Auditing
    – Tax Preparation and Planning Service
    – Management Advisory Services
    Private Accounting

    – Financial Accounting
    – Cost Accounting
    – Budgeting
    – Accounting Information System
    – Tax Accounting
    – Internal Auditing
    Government Accounting

    – Is a system used in government offices


    to record and report financial
    transactions.
    Accounting Education

    – Responsible in training future accountants. It engages in teaching accounting,


    financial management, taxation, and other related business courses.

    – Commission on Higher Education (CHED):


    “should possess educational qualification, professional experiences, classroom and
    teaching ability, computer literacy, scholarly research productivity, and other
    attributes that are essential for the successful conduct of a professional accounting
    program.”
    Accounting and Its Environment

    Branches of Accounting
    Financial Accounting Management Government
    Accounting Accounting
    Incorporates cost Concerned with the
    accounting data and identification of the
    Focused on the adapts them for sources and uses of
    recording of specific decisions resources consistent
    business which management with the provisions of
    transactions and may be called upon city, municipal,
    the periodic to make. MA system provincial or national
    preparation of incorporates all types laws.
    reports on financial of financial and non-
    position and results financial information
    of operations from a wide range of
    sources

    DEPARTMENT OF EDUCATION
    Accounting and Its Environment

    Branches of Accounting
    Auditing Tax
    Cost
    Accounting
    Accounting
    Includes the It deals with the
    preparation of tax collection, allocation
    An independent returns and the and control of the
    examination on the consideration of the cost of producing
    fairness and tax consequences of specific goods and
    reliability of the proposed business services. One of the
    reports that transactions or main sub branches of
    management alternative courses of management
    submits to users action accounting.
    outside the
    business entity.

    DEPARTMENT OF EDUCATION
    Accounting and Its Environment

    Branches of Accounting

    Accounting Education Accounting Research


    Deals with the creation
    Deals with the
    of new knowledge
    promulgation of
    accounting knowledge
    to various interested
    parties that will aid
    them in achieving
    their individual goals.

    DEPARTMENT OF EDUCATION
    Branches of Accounting

    – Auditing
    – Bookkeeping
    – Cost Bookkeeping, Costing and Cost Accounting
    – Financial Accounting
    – Financial Management
    – Taxation
    – Government Accounting
    Auditing

    You might also like