What kinds of accounting are there?
There are numerous sorts of accounting, ranging from tax return preparation to auditing. Accountants frequently focus on one of these areas, leading to the many career paths listed below.

1. Financial Management
The compilation of financial data into external reports is an issue for those working in financial accounting. Financial accounting involves thorough understanding of the accounting framework, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards, that the reader of a company's financial statements uses (IFRS). Or, if a firm is publicly traded, it necessitates familiarity with the guidelines set forth by the government agency in charge of public company reporting in a particular nation (such as the Securities and Exchange Commission in the United States).

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2.Public Accounting
To ensure that the financial statements put together by customers accurately reflect their financial performance and financial condition, professionals in the public accounting industry examine the financial statements and supporting accounting systems of client organisations. Excellent familiarity with the relevant accounting framework is a prerequisite for this career path, as is a curious nature that can dig into client systems as necessary. To advance through several audit staff jobs and become an audit partner, follow this career path.

3. Government Accounting
To develop and administer funds from which cash is distributed to cover a variety of expenses connected to a government entity's provision of services, those in the field of government accounting employ a special accounting framework. Because it demands such a unique skill set, accountants frequently devote their entire careers to specialising in government accounting.

4.Management Accounting
The process of gathering accounting data for internal operational reporting is an issue for those in the discipline of management accounting. It covers topics like target costing and cost accounting. The controller role may be the end goal of a career in this field, or it may diverge into a number of speciality professions, including cost accountant, billing clerk, payables clerk, and payroll clerk.

5.Accounts for taxes
Tax accounting professionals are concerned with the correct adherence to tax laws, tax filings, and tax planning to minimise a company's future tax burden. There are numerous tax specialties that lead to the post of tax manager.

6. Internal Auditing
Internal auditing professionals look into a company's systems and transactions to look for control flaws, corruption, wastage, and mismanagement. They then report their findings to management. From various internal auditor roles to the managerial position of internal audit, the career path advances. There are other specialties, including the auditor of information systems and the auditor of the environment.