Accounting areas of activity
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Accounting is an area that offers several opportunities for professionals trained in the area. Below, we present some of the main areas of accounting activity:
Management Accounting
Management accounting is responsible for providing financial and accounting information to the management of companies, assisting in making strategic decisions. The professional who works in this area must have knowledge in analysis of balance sheets, financial planning, cost management, among others.
Fiscal and Tax Accounting
Fiscal and tax accounting is responsible for ensuring that companies are in compliance with fiscal and tax laws and regulations. The professional who works in this area must have knowledge in tax legislation, tax assessment, preparation of tax returns, among others.
Cost Accounting
Cost accounting is responsible for providing information about a company's production costs. The professional who works in this area must have knowledge in cost analysis, inventory control, production planning, among others.
Financial Accounting
Financial accounting is responsible for providing financial information to investors, creditors, and other stakeholders in the company. The professional who works in this area must have knowledge in preparing financial statements, investment analysis, asset and liability management, among others.
Audit
Auditing is an area of accounting that verifies the veracity and reliability of a company's financial information. The professional who works in this area must have knowledge in internal and external auditing, internal control, risk management, among others.
Accounting Expertise
Forensic accounting is an area of accounting that uses accounting techniques to resolve judicial or extrajudicial disputes. The professional who works in this area must have knowledge in evaluating companies, assessing financial damages, preparing expert reports, among others.
These are just some of the areas in which accounting works. The professional who wants to work in the area should seek specialization in one or more of these areas, in addition to keeping up to date on changes in legislation and accounting practices.
Now answer the exercise about the content:
_Which accounting area is responsible for providing financial and accounting information for company management, helping to make strategic decisions?
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