Users of Financial Information

Financial Accounting - recognition, measurement and communication of economic activities.

Management (Managerial) Accounting - emphasizes the preparation and analysis of accounting information within the organization.

Government Accounting - the process of recording, analyzing, classifying, summarizing, communicating and interpreting financial information about the government

External Auditing - examination of financial statements by an

independent CPA with the purpose of expressing an opinion as to the fairness of presentation and compliance with the GAAP.

Internal Auditing - determining the operational efficiency of the company regarding the protection of the company’s assets, accuracy and reliability of the accounting data, and adherence to certain management policies.

Tax Accounting - helps clients follow rules set by tax authorities.

Cost Accounting - recording, presentation, and analysis of manufacturing costs.

Accounting Education - deals with developing future accountants by creating relevant accounting curriculum.

Accounting Research - focuses on the search for new knowledge on the effects of economic events and on the effects of reported information on economic events.