Branches of Accounting:

- Financial accounting refers to accounting refers to accounting for revenues, expenses, assets, and
liabilities. It involves the basic accounting processes of recording,
classifying, and summarizing transactions. Bale pedemakagamit o external users ani … silanaangmga
costumer, investors etc. bale pedesila mag inquiresa FS kung
makayapabasacompanyaangmubayadsautang ..kayparasamga mag pautangsaCOMpanykawarninganba
kung pdepabasilapautangon o dilina ..

-sauna ginatawagnasyaug balance sheet, pasabotang amount sa asset ug amount sa liability plus
owner’s equity kay equal. Financial asset, financial statement naxaparasa company, angilang available
resources, utang u gang nabilinna capital.

- Cost accounting is the branch of accounting dealing with the recording, classification, allocation, and
reporting of current and prospective costs.

-isa pod xaka financial statement pero more on sa cost ang topic. Example ..pilaang cost namagamit mag
buhatugasukar, pilaangmabayransa processing .. ana ..

- Managerial accounting is the branch of accounting designed to provide information to various

management levels in the hospitality operation for the purpose of
enhancing controls.

More on sa management nisya bale… intended langnina financial statement sa company. Bale sa
manager para ma tan aw nilaangmganingdotugdiliningdotnganahitabosulodsakumpanya ..diliperassa
Financial accounting .. para rani sa internal users ..

- Tax accounting is the branch of accounting relating to the preparation and filing of tax forms with the
government agencies. Tax planning to minimize tax payments is a
significant part of the tax accountant’s work.

Tax ..pra sax a samga tax alangan ,, bale gina compute diha kung pila nag tax napedenila I remit sa BIR ,,,
dependemanasaila sales, purchases,, ana ,,,

- Auditing is the branch of accounting involved in reviewing and evaluating documents, records, and
control systems. Auditing may be external or internal.
Pedena mag inquire ang internal ug external users ani ,, ang internal maonaangmgataosulodsa company
.. mga manager staffs .,. anaba .. balebago pa ma validate angimong final FS .. dapat san a I audit bale
tan awondhakong nay mgasayop nana compute o nakulanganang account ,, anaba ,,, bale
dirinamusulodang verification process ,,

-Fund accountingis used for nonprofit entities, including governments and not-for-profit corporations.
Rather than seek to make a profit, governments and nonprofits deploy resources to achieve objectives.
It is standard practice to distinguish between a general fund and special purpose funds. The general
fund is used for day-to-day operations, like paying employees or buying supplies. Special funds are
established for specific activities, like building a new wing of a hospital.

-o kaniparehasnisyasamgaschool ,mgasimbahan .. mganon profitnasila .. kaydilinasilanaga generate ug

sales .,.. kungbago kung naasilaykwarta ,, funds langangtawagana ,, kay ..
kanamaonailaipalitparasamgagamitugetc .. parasa satisfy nilaangginatawagnilana “OBJECTIVES” //
perassa school .. objectivenilanamahataganug good education angmgastudyante ,, so
dapatmaningdutonnilailang building ,, taga-an sweldoangmga teachers, paningdutonangmga library …
diba .>?

- forensic accountingis the use of accounting in legal matters, including litigation support, investigation
and dispute resolution. There are many kinds of forensic accounting engagements: bankruptcy,
matrimonial divorce, falsifications and manipulations of accounts or inventories, and so forth. Forensic
accountants give investigate and analyze financial evidence, give expert testimony in court and quantify
damages.

Well kaniparanixasamgagiingondihasababaw ..bale example sa bankruptcy tan awonsamga accountant

nganu man nan a bankrupt.. balepangitaonnilaangrasonba .. ok

DONE >>>