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Types of Accounting


This is for the reference of students to make the right decision for their career in accounting. The various types of accounting are explained with the career scope ahead. There are numerous jobs in the accounting department, the only thing you have to do is to pick the correct one for you. – PowerPoint PPT presentation

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Title: Types of Accounting

Types of Accounting
Accountants tend to specialize in a number of
  • Management Accounting
  •         Tax Accounting
  •         Project Accounting
  •         Financial Accounting
  •         Governmental Accounting
  •         Forensic Accounting
  •         Public Accounting

Management Accounting
  • Management Accounting is the process of analyzing
    business and operation cost for internal
    financial records.
  • It is also called as Managerial Accounting or
    Cost Accounting.
  • The reports are useful for top level management
    to take valued decisions.
  • It is used internally to make efficiency
    improvements required in the company.
  • Career Scope Certified Management Accountant

Tax Accounting
  • Tax Accounting concentrates on the preparation,
    analysis and presentation of tax payments and tax
  • Tax accounting is used by individuals,
    businesses, corporations and other entities.
  • Tax accounting for an individual focuses on
    income, qualifying deductions, donations, and any
    investment gains or losses.
  • For a business, tax accounting is more complex,
    with greater scrutiny regarding how funds are
    spent and what is or isn't taxable.
  • Career Scope Tax Advisor, Tax Preparer, Auditor,
    Enrolled Agent

Project Accounting
  • Project Accounting helps in tracking the
    financial progress of the project with financial
  • Project accounting differs from traditional
    accounting in that it focuses only on the
    transactions related to a particular project.
  • Project accounting also provides a deeper look
    into the financial health of the project.
  • Career Scope Project Accountant

Financial Accounting
  • Financial accounting involves a process of
    recording, summarizing, and reporting financial
  • The transactions are summarized in balance sheet,
    income statement and cash flow statement.
  • It requires detailed knowledge about accounting
    frameworks such as IFRS (Financial Reporting
    Standards) and GAAP (Generally Accepted
    Accounting Principles).
  • Career Scope Financial Accountant

Governmental Accounting
  • Government Accounting is the recording of the
    financial transactions incurred by the
  • The financial transactions includes income and
  • Government Accounting requires many accountants
    who are good at their career entities.
  • Career Scope Government Accountant

Forensic Accounting
  • Forensic accounting involves reconstructing the
    financial information when the financial records
    set is not available, such as reconstructing
    destroyed business records, converting cash-basis
    accounting records to the accrual basis, and
    reconstructing fraudulent records.
  • Forensic accounting is mostly used by the
    insurance industry to establish damages from
  • Those who are working in the field of financial
    accounting are more likely to be involved in
    legal support, the insurance industry, and firm
  • Career Scope Forensic Accountant

Public Accounting
  • Public Accounting investigates financial
    statements and supports the companys accounting
    systems to assure financial statements.
  • The field needs excellent knowledge of accounting
    frameworks as well as an inquisitive personality
    for delving into client systems.
  • Career Scope Certified Public Accountant (CPA)

About Us
  • Simandhar Education is the official partner of
    Becker and AICPA Leading training provider for
    US CPA, US CMA , IFRS and EA courses in India
    with offices in Bangalore, Hyderabad, Delhi,
    Ahmedabad, Gurgaon, Kerala, Cochin (Kochi),
    Trivandrum, Kottayam, Kozhikode, Malappuram,
    Chennai, and Mumbai. For more information,
    contact us at 919390785925 or visit the website
  • Learn how to become a CPA, from first basics to
    advanced techniques, with online video tutorials
    taught by industry experts. Simandhar Education
    is the leading institute for CPA Exam in India.

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