Commerce Exam > Commerce Videos > Accountancy Class 11 > Branches (Sub-Disciplines) of Accounting
Branches (Sub-Disciplines) of Accounting Video Lecture | Accountancy Class 11 - Commerce
|
64 videos|152 docs|35 tests
|
FAQs on Branches (Sub-Disciplines) of Accounting Video Lecture - Accountancy Class 11 - Commerce
| 1. What are the main branches of accounting? |  |
Ans.The main branches of accounting include Financial Accounting, Managerial Accounting, Tax Accounting, Auditing, and Forensic Accounting. Each branch serves a specific purpose, such as reporting financial information, assisting management in decision-making, ensuring compliance with tax regulations, evaluating financial statements for accuracy, and investigating financial discrepancies.
| 2. How does financial accounting differ from managerial accounting? | |
Ans.Financial accounting focuses on providing financial information to external stakeholders, such as investors and creditors, through standardized financial statements. In contrast, managerial accounting is aimed at providing detailed financial and operational information to internal stakeholders, such as managers, to assist in decision-making and performance evaluation.
| 3. What is the role of auditing in accounting? | |
Ans.Auditing plays a critical role in accounting by providing an independent evaluation of financial statements to ensure their accuracy and compliance with accounting standards. Auditors assess the reliability of financial reporting, which helps build trust among stakeholders and can prevent fraud and misrepresentation.
| 4. What is forensic accounting and how is it used? | |
Ans.Forensic accounting involves the use of accounting skills to investigate financial discrepancies and fraud. It combines accounting, auditing, and investigative skills to examine financial records and provide expert testimony in legal proceedings. Forensic accountants are often employed in cases of fraud, embezzlement, and other financial crimes.
| 5. Why is tax accounting important for individuals and businesses? | |
Ans.Tax accounting is important because it ensures that individuals and businesses comply with tax laws and regulations while optimizing their tax liabilities. It involves the preparation of tax returns, planning for future tax obligations, and understanding tax implications on financial decisions. Proper tax accounting can lead to significant savings and avoidance of penalties.
About this Video
|
3K Views |
|
4.63/5 Rating |
|
Dec 25, 2024 Last updated |
Video Description: Branches (Sub-Disciplines) of Accounting for Commerce 2024 is part of Accountancy Class 11 preparation.
The notes and questions for Branches (Sub-Disciplines) of Accounting have been prepared according to the Commerce exam syllabus.
Information about Branches (Sub-Disciplines) of Accounting covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Branches (Sub-Disciplines) of Accounting.
Introduction of Branches (Sub-Disciplines) of Accounting in English is available as part of our Accountancy Class 11 for Commerce & Branches (Sub-Disciplines) of Accounting in
Hindi for Accountancy Class 11 course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for Branches (Sub-Disciplines) of Accounting Video Lecture | Accountancy Class 11 - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Accountancy Class 11.
Information about Branches (Sub-Disciplines) of Accounting
Here you can find the meaning of Branches (Sub-Disciplines) of Accounting defined & explained in the simplest way possible.
Besides explaining types of Branches (Sub-Disciplines) of Accounting theory, EduRev gives you an ample number of questions to practice Branches (Sub-Disciplines) of Accounting tests,
examples and also practice Commerce tests.
|
64 videos|152 docs|35 tests
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
ppt
,Sample Paper
,Summary
,Branches (Sub-Disciplines) of Accounting Video Lecture | Accountancy Class 11 - Commerce
,Objective type Questions
,Exam
,mock tests for examination
,Previous Year Questions with Solutions
,Free
,shortcuts and tricks
,Branches (Sub-Disciplines) of Accounting Video Lecture | Accountancy Class 11 - Commerce
,Important questions
,Extra Questions
,study material
,video lectures
,Branches (Sub-Disciplines) of Accounting Video Lecture | Accountancy Class 11 - Commerce
,past year papers
,Viva Questions
,practice quizzes
,MCQs
,Semester Notes
;
Study Branches (Sub-Disciplines) of Accounting on the App
Students of Commerce can study Branches (Sub-Disciplines) of Accounting alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Branches (Sub-Disciplines) of Accounting,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Branches (Sub-Disciplines) of Accounting is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup