Title: What is Accounting?
1What is Accounting?
- Accounting is the process of maintaining records
of different types of financial transactions. It
focuses on analysing and preparing different
statements related to finance. The financial
statements related to accounting focus on a
complete summary related to finance. Finance
students often seek Online Assignment Help while
completing projects related to accounting.
2Types of Accounting
- According to the Online Assignment Help experts,
here are the different types of accounting - ? Financial Accounting It is the process related
to generating financial statements. These
statements are generalized into the balance
sheet. These statements are later used for audit
purposes. - ? Managerial Accounting The factors related to
this type of accounting are based on the events
and processes related to the financial statements
management of different organizations - ? Cost Accounting It is concerned with the
cost management of different financial entities.
It comprises different factors related to the
analysis and different factors related to the
production.
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