What Are the Different Types Of Accounting? - PowerPoint PPT Presentation

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What Are the Different Types Of Accounting?

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Title: What Are the Different Types Of Accounting?


1
What Are the Different Types Of Accounting?
2
Why Do We Need Branches of Accounting?
  • There exists no industry that does not have its
    financial aspect, and where the finance there
    comes is accounting.
  • So accounting concepts are been used in different
    situations with different settings.
  • Different factors can affect the concepts of
    accounting based on the function they carry.
  • To make everything sorted and clear branches of
    accounting exist.
  • The branches have been divided according to the
    function of the accounting and the feature they
    have.
  • Here we will be sharing the types of accounting
    with you that can be used as an Accounting
    Assignment help resource. 

3
Corporate Accounting
  • The first branch of accounting is known as
    corporate accounting. 
  • As the name suggests this accounting type is used
    in the corporate sector.
  • The function of corporate accounting involves
    filing and handling the financial data of the
    company.
  • The data filed and handled often serve the
    purpose of tax compliance and reporting.
  • The accountants pursuing this type of accounting
    must be up to date with the legal terms and
    policies of the different taxes. 
  • They must have a clear idea about the different
    methodology that is required for maintaining the
    records of the different financial papers. 

4
Government Accounting 
  • This is the second branch of accounting and is
    considered a vital one for providing help with
    assignment work.
  • Financial professionals in the government sector
    have a wide range of duties to perform.
  • The accountants pursuing this type of accounting
    have to work within the different government
    bodies.
  • The local, state, or federal government bodies
    have the financial work at their level.
  • The accountants have to work with the structure
    that differs from public accounting and is
    according to the government.
  • Government accountants have to be strict with
    their roles and responsibilities as sometimes
    they also have confidential information with
    them. 

5
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