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Accounting Information system (AIS)
An accounting information system (AIS) is typically a computer-based system that enables the collection, storage, and tracking of financial and accounting data.
Audit and Assurance
Audit and assurance are processes by which a company's financial record is compared against accounting standard and principle to confirm the records' accuracy and compliance.
Cost and Managerial Accounting
The objective of cost accounting (a subset of managerial accounting) is to arrive at the total cost of production by analyzing the variable costs incurred at each point in the produciotn process, in concert with any fixed costs.
Financial Accounting and Reporting
Financial accounting is governed by a set of standard set of practices, resulting in regular reports, which, when leveraged by a company's managers, investors, analysts, lenders, enable them to make good financial decisions based on transactions and economic activity over a period of time.
Financial Management
The means by which a company plans, organizes, directs, and controls its financial activities by utilizing management principles is called financial management.
Managerial accounting
Managerial accounting allows for the identification, measurement, analysis, interpretation, and communication of financial information to managers for the purposes of achieving a company's goals and allowing for informed decision making.
Taxation describes the rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.
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