Research Paper Writing Services India

What are the different types of accounting?

Listen Later

Accounting is the field that attracts multiple job opportunities for the related professionals. But what are the different areas in which accounting is used? Well through its types you can easily look into the different areas the accounting serves.

  • Corporate accounting is one of the major types of accounting. It’s major as it is used by the companies involved in the corporate world. This type of accounting mainly deals with filling the financial data of the company. Not just filling but they also handle the same. Now the question is why the financial data is required to be handled or filled? Well, this helps with the purpose of compiling the tax and external reporting. The professionals working in corporate accounting are the corporate accountants. Their role is to use accounting methodologies for maintaining the accuracy of the financial records of the company. These records are used at the time of decision-making to lead the growth of change in the company. For your Financial Accounting Assignment Help, you can dig deeper into the corporate accounting concepts.
  • The second type of accounting is known as public accounting. The professional’s working in this field are called public accountants. This is the field of accounting that deals with external clients. Their role is to assure the clients of their financial statements. They look into the client’s financial records and complete them with accuracy. Public accountants are often seen working closely with the financial reporting along with the tax regulations. This kind of accounting requires professionals to have strong problem-solving and communication skills.
    • ...more
    View all episodesView all episodes
    Download on the App Store
    Research Paper Writing Services IndiaBy Ashwin Krishna