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Get the best accounting homework help from best account solvers at affordable prices. We are dedicated to cover all Accounting homework topics in the given deadline.
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What Is Accounting? • In simple words, accounting refers to the recordings of transactions, its summarization, reporting, and lastly, analyzing the data. The reports are generated from multiple accounting streams. It helps the management of a company to make appropriate decisions for the future. www.calltutors.com
Purpose Of Accounting • The main purpose of Accounting is to give information about the financial position and performance of a business. On the basis of this information, a business can make financial decisions. All the business transactions like an investment, or lending money come under the accounting. www.calltutors.com
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Branches Of Accounting www.calltutors.com
Financial Accounting • It is based on a systematic way of transaction recording as per the accounting principles. It is the first form of the accounting procedure. The main objective of financial accounting is to measure the profit or loss of a business for a particular period and give an actual picture of the business's financial situation as on a specific date. www.calltutors.com
Cost Accounting • Cost accounting includes the evaluation of the cost of a product or service offered. It calculates the cost by analyzing all factors that are contributing to the production, both administrative and manufacturing factors. www.calltutors.com
Management Accounting • It is that branch of accounting that gives information to the management for better management of the business. It helps in making crucial decisions and controlling several activities of the business. www.calltutors.com
Auditing • Auditing is a part of accounting where an external certified public accountant is known as an auditor. He examines and certifies a business's accounts for their consistency and accuracy. www.calltutors.com
Tax Accounting • Tax accounting, the name itself explains that it deals with taxation matters. Its functions involve the making and filing of various tax returns and dealing with their legal applications. Tax accountants help in minimizing the tax returns. www.calltutors.com
Fund Accounting • It deals with maintaining records for funds of non-profit organizations. Separate fund statements are prepared for separate works like welfare schemes of different nature to ensure the proper use of funds. www.calltutors.com
Government Accounting • It is prepared for the central government (National Government) and state government resource allocations and utilization. Maintaining records assures efficient and proper utilization of the various resources allocations and security of public reserves. www.calltutors.com
Forensic Accounting • Forensic accounting is also known as legal accounting. It facilitates calculating losses or resolving arguments in legal matters. Investigations are performed, and calculations are carried out to evaluate the damages correctly.
Fiduciary Accounting • It is the evaluation of a third party's business and property maintained under another person's guardianship. • Don’t worry! In our accounting homework help we take all the above branches related topics. www.calltutors.com
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