GENERAL KNOWLEDGE

GK

ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a branch of Accounting?
A
Cost Accounting
B
Financial Accounting
C
Management Accounting
D
All of the above
Explanation: 

Detailed explanation-1: -These types are tax accounting, financial accounting, and management accounting. Management accounting is useful to all types of businesses and tax accounting is required by the IRS.

Detailed explanation-2: -While financial accounting, cost accounting and management accounting are the main branches, there are other accounting branches as well.

Detailed explanation-3: -These four branches include corporate, public, government, and forensic accounting. An undergraduate degree is most often required for any accounting career, while previous master’s work, especially in the accounting field, is often strongly preferred. Below, we’ll explore the nuances of each common area of accounting.

Detailed explanation-4: -Corporate accounting. Forensic accounting. Public accounting. Government accounting.

Detailed explanation-5: -Financial Accounting | Branches of Accounting. Cost Accounting | Branches of Accounting. Management Accounting. Social Responsibility Accounting. Human Resource Accounting. 03-Jun-2019

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