Tax Accounting – Meaning, Pros, Components, and More
Tax Accounting is a branch of accounting. As the name suggests, it helps a firm not to prepare its financial statements but to prepare… Read Article
Branches of Accounting
Fund Accounting – Meaning, How it Works, Benefits, and More
Fund Accounting is an accounting system that focuses more on accountability than profits. Generally, non-profits and government organizations use this type of accounting. Therefore,… Read Article
Fiduciary Accounting – Meaning, How it Works, and More
A fiduciary is a position for a trust or any other organization. The biggest responsibility of the person in this position is to maintain… Read Article
Forensic Accounting – Meaning, Applications and More
Forensic Accounting is the use of accounting and financial skills to find out whether or not there is any accounting fraud. Every company needs… Read Article
Cost Accounting and Management Accounting
Cost Accounting and Management AccountingCost accounting and management accounting are both branches of the accounting system instead of further advancement. These advanced accounting systems’… Read Article
Responsibility Accounting – Meaning, Steps, Advantages and More
Responsibility Accounting helps management with cost and budgetary control. It focuses on the cost drivers but not on who uses or who is responsible… Read Article
Cost Accounting vs. Financial Accounting – All You Need to Know
Cost accounting and financial accounting are the branches of accounting. Both these deal with recording and presentation of financial information, but their objective is… Read Article
Fundamentals of Accounting: Meaning, Principles, Categories, and Statements
Fundamentals of AccountingAccounting is the procedure of data entry, recording, summarizing, analyzing, and then reporting the data related to financial transactions of businesses and… Read Article
Advantages and Disadvantages of Different Types of Accounting
Accounting is the art of recording, analyzing, classifying, summarizing, and presenting financial information pertaining to an entity. It serves two purposes internal, i.e., to… Read Article
Branches of Accounting
Different branches of accounting came into existence, keeping in view various forms of accounting information needed by different classes of people. They may be… Read Article
Difference between Financial and Management Accounting
Financial accounting and management accounting are two terms we often hear in the financial world. Although both are branches of accounting, they are completely… Read Article