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    Branches of Accounting....

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    je-ann montejo
    The document discusses the different branches of accounting including public accounting, private accounting, government accounting, and accounting education. Public accounting involves services like auditing, tax preparation, and advisory services. Private accounting includes financial accounting, cost accounting, budgeting, and accounting information systems. Government accounting is used by national and local governments. Accounting education is responsible for training future accountants.

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    Branches of Accounting....

    Uploaded by

    je-ann montejo
    12 views12 pages
    The document discusses the different branches of accounting including public accounting, private accounting, government accounting, and accounting education. Public accounting involves services like auditing, tax preparation, and advisory services. Private accounting includes financial accounting, cost accounting, budgeting, and accounting information systems. Government accounting is used by national and local governments. Accounting education is responsible for training future accountants.

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    BRANCHES OF ACCOUNTING....

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    The document discusses the different branches of accounting including public accounting, private accounting, government accounting, and accounting education. Public accounting involves services like auditing, tax preparation, and advisory services. Private accounting includes financial accounting, cost accounting, budgeting, and accounting information systems. Government accounting is used by national and local governments. Accounting education is responsible for training future accountants.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    12 views12 pages

    Branches of Accounting....

    Uploaded by

    je-ann montejo
    The document discusses the different branches of accounting including public accounting, private accounting, government accounting, and accounting education. Public accounting involves services like auditing, tax preparation, and advisory services. Private accounting includes financial accounting, cost accounting, budgeting, and accounting information systems. Government accounting is used by national and local governments. Accounting education is responsible for training future accountants.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 12

    BRANCHES OF

    ACCOUNTING
    BRANCHES OF ACCOUNTING
    Government
    Accounting
    • External Auditing
    • Tax Preparation
    Private
    and Accounting
    Planning
    Services
    • Management
    Advisory Services
    Accounting
    • Financial
    Accounting
    • Cost Accounting
    Public • Budgeting
    • Accounting
    Accounting Information
    System
    • Tax Accounting
    Accounting
    Education
    Public Accounting
    Public Accounting
    The accountant performs or offers to perform any activity that will result to the
    issuance of an attest report that is in accordance with the professional
    Standards.

    Public accountant works in a firm offering its services to various clients.

    Consulting services Personal Financial


    Planning services

    Preparation of tax
    returns Advice on tax matters
    for a fee
    Examples of Public Accounting
    services
    External
    Public accountants examine the financial statements in order to
    express an opinion whether statements have been fairly
    Auditing presented or not.

    Tax preparation and CPAs offer tax services wherein the advise and help their
    Planning Services clients in tax planning and preparing tax returns. They are “Tax
    specialist”.

    CPAs advises management on matters such as the installation of


    Management
    Advisory Services
    an accounting system, finance, budgeting, business processes,
    introduction of new products and other business activities.
    PRIVATE ACCOUNTING
     Involves setting up systems of recording business transactions that are
    aggregated into financial statements.

     It includes the development and interpretation of accounting information


    intended to assist management in operating the business.

     A private accountant is a salaried employee who deals with the company’s day-
    to-day accounting needs.

     He/she is trained in the processing of accounting transactions such as billings


    and account payables.
    Branches of accounting under
    private accounting
     Provides economic and financial information for
    Financial investors , creditors and other external users.
    Accounting  End with the preparation and presentation of general
    purpose financial statements.
     It focuses on accumulating manufacturing costs for
    Cost
    Accounting financial reporting and decision-making purposes.
     The primary role of a cost accountant is to determine
    the inventory cost for financial reporting purposes.

     Provide a detailed collection and reporting of the expenditures


    Budgeting and revenues in a business company operations.
    Branches of accounting under
    private accounting
    Accounting  Collects and processes transaction data. It involves the
    Information designing of both manual and computerized data processing
    systems.
    System

     It deals with the preparation of various ax returns and


    Tax
    Accounting doing tax planning for the business.

     Reviews the business operations to check if they are


    Internal
    Auditing complying to management policies.
    GOVERNMENT ACCOUNTING
     A system used in government offices to record and report financial transactions.

     Reveals how public funds have been generated and utilized.

     Employed both national and local governments

     Provincial accountant  COA Auditors to various  BIR examiner to local


    agencies and national businesses

     A budget officer of the  A bank examiner of bangko


    DBM Sentral ng Pilipinas
    ACCOUNTING EDUCATION
     Responsible of training future accountants.

     It engages teaching accounting, financial management, taxation, and other related


    business course.

     CPAs are encourage to be part of the academe and become an integral force of
    inspiring learners pursue a career in accounting.

     CPAs in accounting educations should possess the educational qualifications,


    professional experience, classroom teaching ability, computer literacy, scholarly
    research productivity and other attributes.
    Which of the
    Branches of
    accounting do you
    want to engage into?

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