Remove Cost Accounting Remove Financial Accounting Remove Financial Reporting Remove Tax
article thumbnail

Types of accounting

Accounting Tools

There are several types of accounting that range from auditing to the preparation of tax returns. Accountants tend to specialize in one of these fields, which leads to the different career tracks noted below. There are several career tracks involved in financial accounting.

article thumbnail

Basics of accounting

Accounting Tools

The following discussion of accounting basics is needed to give you a firm grounding from which to understand how an accounting system works and how it is used to generate financial reports. This means setting up accounts in which financial information is stored. Pay employees.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is accountancy?

Accounting Tools

There are also a number of business transactions that are non-repetitive in nature, and so require the use of journal entries to record them in the accounting records. The fixed asset accountant , general ledger clerk , and tax accountant are most likely to be involved in the use of journal entries.

article thumbnail

BONUS | Dennis Whitney - CMA Exam and Certification

IMA's Count Me

In my mind, the CPA is geared towards orders and tax specialists. So if you want to go into public accounting, by all means I recommend that you get a CPA. The content, for part one is a external financial reporting, planning, budgeting and forecasting is the second domain, cost management, performance management and internal controls.

CPA 40
article thumbnail

BONUS | CMA 50th Anniversary: Attracting the Best and the Brightest

IMA's Count Me

He currently serves as a member of IMA's Financial Reporting Committee and as the executive in residence at the JM Toll School of Accounting, Terry College of Business at University of Georgia. And at the time I was taking our cost accounting class which I was really enjoying.