8 Branches of Accounting

Government accounting

Classifying, summarizing and communicating all transactions involving the receipts and disposition of government funds and property and interpreting the results thereof

Cost Accounting

Control of cost data, particularly the cost production in a manufacturing concern from the raw materials

Accounting Research

Discovering new theories that will have an impact on existing accounting knowledge

Accounting Education

Imparts knowledge to students enrolled in an accounting subject either in basic accounting or higher accounting subjects

Management

Management decision making, devising planning and performance management system

Financial accounting

Recording of business transactions

Tax Accounting

The Preparation of monthly value added tax, percentage tax, expanded withholding tax return

Auditing

The examination and review of accounting reports in order to ascertain the fairness, propriety and reliability of these reports