what is governmental accounting, tax preparers, and corporate accounting?

Answer 1

Governmental accounting is the method by which the federal, state, and local governing bodies account for their finances. Governmental accounting is directed by the Governmental Accounting Standards Board (GASB).

Tax preparers are individuals that prepare tax returns such as (but not limited to) income, sales, estate, trust, and nonprofit reporting.

Corporate accounting is the method by which for-profit companies account for their finances. Corporate accounting is directed by the Financial Accounting Standards Board (FASB), PCAOB, and the International Accounting Standards Board (IASB) for international businesses.