FUNCTIOS OF

THE DIFFERENT
BRANCHES OF
ACCOUNTING
FINANCIAL
• analyze the financial records of the previous
quarter to make recommendations for changes in
the next quarter.
• analyses the company's balance sheet and
prepares profit and loss statements that advise
management or stakeholders in regards to loans,
investments, or acquisitions.
COST
ACCOUNTING
analyzes manufacturing costs to prepare and
present reports that inform decision-makers on
how to reduce cost, or when to spend more. It
monitors projects for waste and cost control. Cost
accounting regularly analyzes actual costs over
budget to determine future monetary actions.
AUDITING
• Auditors examine and monitor a business for
accurate reporting, compliance with tax laws and
regulations, and financial integrity.
• an internal auditor, you are responsible for reporting to
the company's senior management.
• an external auditor, reports to the organisation's
shareholders, which may be its owners, government, or
the public.
TAX
ACCOUNTING

• Tax accountants calculate

income and other taxes
depending on the structure of
the business.
GOVERMENT
ACCOUNTING
• tracks the movement of money through various agencies and
ensures budget requirements are kept or met.
• work in state and federal programs such as healthcare, housing
and education. hold a variety of responsibilities across all
government sectors and levels.
• analyzing financial documents, preparing budgets and reports,
performing audits, and assuring compliance.
MANAGERIAL
• works to improve the company's administration,
enhance its profit, and provide management with
financial reports that influence planning and
budgets.
• accounting performs forecasting to advise
management on the best business practices to meet
goals and maintain profit.
ACCOUNTING
EDUCATION
• one of the most important disciplines that students can
learn. It teaches students how to manage and analyze
financial information to make sound business decisions.
Additionally, it allows students to understand complex
accounting principles and how they relate to everyday
business transactions.
ACCOUNTING
RESEARCH
• is responsible for evaluating, analyzing
and reporting on grant and contracts
awards and transactions to ensure
compliance with accepted procedures and
maintain effective budgetary controls.
THANK YOU

M AT T Z H A N G

I N G O U D E C O M PA N Y

Q4 2023