What are the three major areas of accounting?
2007-01-22 06:56:42 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Tax accounting, cost accounting and accounting to your wife where you go after work and how much money you spent.
The third one is the most complicated.
2007-01-22 07:08:12 · answer #1 · answered by Marv 2 · 0⤊ 0⤋
I am not sure if this is exactly what you are referring to but I would classify accounting into three areas.
1) Financial accounting - this deals with the process of generating and reporting income and financial conditions at a company; often for public reporting purposes but also for internal review.
2) Cost accounting - this deals with how costs are allocated at a company; this practice is more managerial and strategic in helping to determine unit costs and profitability of an item or service.
3) Tax accoutning - this deals with paying taxes (and often minimzing them) to the federal, state government.
2007-01-22 07:04:26 · answer #2 · answered by gls_merch 5 · 0⤊ 0⤋
Auditing, Tax & Financial Reporting.
2007-01-22 06:59:48 · answer #3 · answered by Salvatore G 2 · 0⤊ 0⤋
monthly bookkeeping,taxes,corporate bookkeeping
2007-01-22 07:05:35 · answer #4 · answered by ken s 6 · 0⤊ 0⤋