Branches of Accounting

Question 1

What branch of accounting focuses on the search for new knowledge about economic events?

Answer 1

Accounting Research

Question 2

Which branch deals with independent examination of financial statement

Answer 2

Auditing

Question 3

What is the broadest branch of accounting that focuses on external users and historical data?

Answer 3

Financial accounting

Question 4

Which branch of accounting is concerned with recording and analyzing manufacturing costs?

Answer 4

Cost Accounting

Question 5

What branch of accounting focuses on financial information within an organization?

Answer 5

Management Accounting

Question 6

: What branch of accounting ensures compliance with tax laws?

Answer 6

Tax accounting

Question 7

What is the main function of Government Accounting?

Answer 7

To record and report government financial transactions.

Question 8

What branch of accounting is responsible for developing future accountants?

Answer 8

Accounting education