Accountancy

Before of all, we need to distinguish between the accountancy and the accountant. these two terms are very similar together but really they are different in accounts departments.

Accountancy: Refers to the process of accounting operations includes from start to end by hand or by P.C.

Accountant: Refers to the person that doing accounting. in other words, Accountancy is what accountants do!, However, accountants perform other roles such as auditing, financial management, insolvency, taxation and management consultancy.

Accountancy

Accountancy

Types of Accountancy

  • Auditing

    • Inspecting vouchers to find mistakes to make balance sheet, balanced and true
  • Bookkeeping

    • Recording vouchers and receipts into books of accounts correctly
  • Financial Accounting

    • Control financial transactions and generating useful and wnated reports and statements
  • Financial Management

    • Managing resources of finance and spend it with regard to priority of time
  • Insolvency

    • An smart solution to recovering a bankrupted business and start it again with discovering some new financial resources to enable business to pay its owed money to payable accounts
  • Management Accounting

    • Control cost of finished goods and managing producting of goods to get the most profits
  • Taxation

    • Smart solutions to pay less amount of tax but with legal ways !
  • Management Consultancy

    • Top Consultants of any subjects from start to end to make accounting processes better and more clear

Generally it is not possible one person to have all these talents in his/her tasks fields because every items of accountancy needs years of experiences to be a professional candidate in it

Refrences:  Wikipedia,  Webster