Areas of Accounting

Areas of Accounting Accounting has various areas of specialization that will make the company's performance more efficient. Along with the development of scientific knowledge, this accounting field can grow again with all the adjustments and technological developments that exist. The following is an explanation of the fields of accounting and their explanation. 1. Govermental Accounting Government institutions will certainly need accountants to analyze and manage cash flow from the government so that finances are healthier. This one accounting field is one of the accounting fields favored by accountants among other accounting fields. Managing state finances is also one of the most difficult tasks. Because government agencies certainly have high salaries and benefits. 2. Cost Accounting This accounting field emphasizes more on costing the activities of every business or organization. The main function of cost accounting is to manage, identify, and report data about costs. Both directly and indirectly. 3. Auditing Accounting Audit accounting or we can know it as an auditor is someone who has the function of conducting financial audits in the activities of a particular company or organization. The function of this audit is shown to assess the feasibility of presenting the financial statements made by the company. As for the principle of why this auditor is needed because in principle obedience and policy must be in accordance with procedures. The 4 Big Firm companies such as delloite, PwC, Ernst & Young, and KPMG have the best accounting auditing quality and are spread throughout the world. 4. Management Accounting Accounting fields may have different objectives. However, they can still be implemented together. Management accounting is one of the most popular accounting fields. Usually, the task of management accounting is to provide information about company finances to managers to develop the company in making decisions. This makes this field of accounting in demand in the industry. 5. Tax Accounting Tax accounting is accounting related to taxes of course. This profession requires detailoriented skills among other accounting fields. In general, the task is to calculate and analyze economic or business events of a company. This is very helpful for managers to make transactions that will be selected because they must be in accordance and through consideration of tax accountants, company needs, and company finances. 6. Budgeting Accounting Companies must budget and estimate the costs that will be incurred on a daily, monthly, quarterly, and annual basis. The budgeting accounting field is one of the many accounting fields that can predict a more effective company budget. Budgeting accounting is very important because it can cut costs incurred by the company and find indications of what expenses are inefficient. The task of budgeting accounting is to describe the company's finances for a certain period of time based on a monitoring and analysis system. 7. Banking Accounting Banking is a good projection for you to know. Because basically accounting is how the financial data can be recorded, classified, and analyzed. The task of banking accounting is to present financial reporting which is of course the banking part which can be interpreted later by the company manager. 8. Public Sector Accounting As an accountant, the very basic thing in carrying out his duties is to present financial reports.Public sector accounting can be said to be a very proportional profession to be developed. Because the field of accounting is not necessarily able to do this. Because this one accountant can be seen from two sides of the internal audit and external audit. Where it can be used as material for financial evaluation of a company seen from two sides. 9. Financial Accounting During your time as an accountant, you will have various different types of businesses.Nor in terms of financing that you should know. Like this one field of accounting. Financial accounting or financial accounting is a versatile accounting profession and is one of the favorites in various industries. The task of this financial accounting is to present financial reports for interested external parties. Thus, this work is required to be published and audited by an official auditor who acts as an independent party. 10. Accounting Education Accounting fields definitely have different concentrations. So does educational accounting which focuses on education. Surely this accounting field does not only teach accounting decentralization and so on. However, this one profession will certainly develop accounting science and conduct research so that accounting continues to develop along with the times and technology. 11. Behavioral Accounting Behavioral accounting is a part of accounting that considers the behavioral factors of workers that will affect the company's accounting process. This type of accounting also discusses that the behavior of workers can be influenced by decisions implemented by the company. Because it is closely related to worker behavior, this branch of accounting can also be referred to as human resource accounting. 12. Accounting System The accounting system accounting field is accounting that deals with procedures or rules for recording and presenting accounting reports.