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2006-11-18 20:17:14 · 4 answers · asked by Dilemma 1 in Business & Finance Other - Business & Finance

4 answers

The two areas in accounting are Management accounting and Financial Accounting. Cost accounting has already been replaced by management accounting due to the limited definition of cost accounting.

Management accounting is concerned in the evaluation of the data as a result of financial accounting. (i.e. ratios, project appraisal methods etc.) On the other hand, Financial accounting is reponsible in preparing financial statements (profit and loss account/income statement, balance sheet, cash flow statement etc.)

2006-11-18 20:43:44 · answer #1 · answered by Lars Ulrich 3 · 1 0

Your question is not clear. What do you mean by areas?

There is
cost accounting vs financial accounting
internal accounting vs accounting for outsiders
accounting as per company policies vs accounting as per taxation policies

2006-11-19 04:28:34 · answer #2 · answered by MAJ 4 · 0 0

cost accounting, management a/cing and also book keeping....so i guess there are 3 and not 2

2006-11-19 04:25:56 · answer #3 · answered by genius at work 2 · 0 0

Robing and Cheating...

2006-11-19 04:18:56 · answer #4 · answered by MC 7 · 0 1

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