Types of accounting

1. Financial Accounting:

   • Financial accounting is the process of recording, summarizing, and reporting financial transactions of a business.
   • It focuses on providing external stakeholders, such as investors, creditors, and regulatory authorities, with accurate and reliable financial information.
   • Financial accounting follows Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) to ensure consistency and comparability in financial reporting.

2. Managerial Accounting:

   • Managerial accounting, also known as management accounting, involves providing financial information and analysis to internal stakeholders, such as managers and executives, to support decision-making and control.
   • It focuses on providing relevant and __________ __________ _________ __________ ________.
     ________ __________ ______ ____ ___ _________ __________ ______ ________ ___.
     ______ _________ ____ ________ ________ __________ _______ ________ ____ ____ __________ __________.
     _______ ______ __________ ________ _____ ___ ____.
     ________ __________ ___ ___ ________.
     _________ ____ ____ ______ ___.
     ____ ________ ____ ______ _________ _____ _________ ___ _________ _____ __________ ______.
     ________ ________ ________ _____ ___ _______ __________.
     __________ ______ _________ _________ ____ __________ ___ __________ _________.
     ______ ______ _____ ____ _____ ______ ____ ___.
     ____ ___ ______ ____ ______ ________ _____ _________ ____ ______ ________ ______.
     __________ _________ _______ ___ __________ ___ __________ _________ ____ ______ ____.
     __________ ___ ___ __________ ______ _________ ___.
     _____ _______ _______ _______ _____ _________ _____ __________ _______ ___.
     ______ _____ _________ ______ _____ ________ _______ ____ ____.
     _________ _______ ___ _____ ______ _________ ____.
     _________ ______ __________ __________ ____ ___ ____ ______ _____ ________ _______ ___.
     ___ _________ _____ _______ ___ __________ ______ _______ _____ _________.
     ___ ________ ____ ___ ______ ___ ______ ___.
     __________ ____ _________ __________ _______ ___ __________ __________ ________ _________ ________.
     __________ ________ ________ ___ _____ _______ ___ _______ _________ __________ __________.
     _________ ____ ______ ______ _______.
     _______ ______ _____ _________ ________ _____ _____ __________ ____ ______ _________.
     __________ ________ ___ ________ _____ ____ ___ ______.
     _________ _____ _________ __________ ________ ___ ______ __________ _________ _______ __________.
     _________ _______ _____ __________ _______ ______ _______.
     _________ ______ ________ ___ ______ ______.
     _____ ____ ___ __________ ___.
     __________ ________ ______ ___ ______ ______ ________ _________ _______ _______ ________ ____.
     ___ _________ ________ ______ _________ ____ _____.
     _______ ____ ________ _________ _______ ________ _________.
     ________ __________ ___ ___ _______ ___ _______ _____ _________ ______ _____ ______.
     ________ _________ ___ ___ ______ _______ _____ _________ _________ _______ __________.
     ________ _____ ______ ____ _____ ______ ____.
     ____ ___ ________ _____ __________ _________ __________ _______ ________ ________ __________ ___.
     _______ ______ ______ _________ ______ _________ ________ _______ ______ __________.
     ___ _________ ______ ___ ______ _________.
     __________ _____ ______ _________ ____ _______ _________ ________ _____.
     _____ ___ ________ ____ ___ ___ ________ ______ ________ ________ __________ _______.
     ____ _____ ___ _______ ______.
     _____ ________ ____ ________ ___.
     __________ _________ _______ _________ ___ ________ _____ _______ _________ ___.
     _________ _______ _____ __________ ___ ______ _____ ________ ______ ____.
     ________ _____ ____ ______ ______ ____ _______ ___ ______ ____.
     ______ ________ ______ ___ ________ ______ _____.
     ______ ___ _______ ________ _____.
     ______.
     Get Full Answer on WhatsApp