Branches of Accounting

Branches of Accounting explains the major specialized areas used to record, analyze, report, control, and interpret financial information for different purposes. These branches include financial accounting, management accounting, cost accounting, tax accounting, auditing, forensic accounting, governmental accounting, nonprofit accounting, international accounting, environmental accounting, and other specialized fields. Understanding their objectives, users, reports, and applications is important for Accounting and Auditing examinations and practical business decision-making today in modern organizations worldwide.