BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Management Accounting The focus here is on generating financial statements like budgets, and product costings. As well as cash flow projections, and business acquisition analysis reports. Standard reports like balance sheets, profit and loss statements, and cash flow statements are key.

Detailed explanation-2: -Managerial accounting differs from financial accounting because the intended purpose of managerial accounting is to assist users internal to the company in making well-informed business decisions.

Detailed explanation-3: -Cost Accounting: Cost accounting is sometimes considered a subset of management accounting. It refers to the recording, presentation and analysis of costs related to manufacturing. This branch of accounting is extremely useful for manufacturing businesses because they typically have very complicated costing processes.

Detailed explanation-4: -Auditing is a subfield of accounting in which a third-party certified public accountant, often known as an Auditor, examines and verifies the company’s financial records to determine whether or not they are accurate and consistent. There are other occasions when the practice of internal auditing is carried out.