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    There are several types of accounting including financial accounting, managerial accounting, cost accounting, auditing, tax accounting, accounting information systems, forensic accounting, and public accounting. Accounting transactions can be categorized as cash transactions, non-cash transactions, or credit transactions depending on the exchange of cash involved. An audit cycle is the process an auditor uses to ensure a company's financial information is accurate and typically involves identification, methodology, fieldwork, and management review stages. The eight-step accounting cycle process is used to make accounting easier for bookkeepers.

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    There are several types of accounting including financial accounting, managerial accounting, cost accounting, auditing, tax accounting, accounting information systems, forensic accounting, and public accounting. Accounting transactions can be categorized as cash transactions, non-cash transactions, or credit transactions depending on the exchange of cash involved. An audit cycle is the process an auditor uses to ensure a company's financial information is accurate and typically involves identification, methodology, fieldwork, and management review stages. The eight-step accounting cycle process is used to make accounting easier for bookkeepers.

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    13 views1 page

    Acc 5 PDF

    Uploaded by

    Maxine Falco
    There are several types of accounting including financial accounting, managerial accounting, cost accounting, auditing, tax accounting, accounting information systems, forensic accounting, and public accounting. Accounting transactions can be categorized as cash transactions, non-cash transactions, or credit transactions depending on the exchange of cash involved. An audit cycle is the process an auditor uses to ensure a company's financial information is accurate and typically involves identification, methodology, fieldwork, and management review stages. The eight-step accounting cycle process is used to make accounting easier for bookkeepers.

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    © All Rights Reserved
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    What types of accounting are there?

    Types of accounting

     Financial accounting.
     Managerial accounting.
     Cost accounting.
     Auditing.
     Tax accounting.
     Accounting information systems.
     Forensic accounting.
     Public accounting.

    What are three main types of transactions?

    Based on the exchange of cash, there are three types of accounting transactions,
    namely cash transactions, non-cash transactions, and credit transactions.

    What are the audit cycles?

    An audit cycle is the accounting process an auditor uses to ensure a company's


    financial information is accurate. The audit cycle typically involves several distinct steps,
    such as the identification process, audit methodology stage, audit fieldwork stage, and
    management review meeting stages.

    How many accounting cycles are there?

    The eight-step accounting cycle process makes accounting easier for bookkeepers and
    busy entrepreneurs.

    This study source was downloaded by 100000808774952 from CourseHero.com on 03-23-2023 08:30:58 GMT -05:00

    https://www.coursehero.com/file/161854499/ACC-5docx/
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