What do accountants do and the relationship between the types of accounting

 We talked in detail about  what do accountants do, and now we are going to talk about the relationship between the types of accounting.

 

First, we make financial accounting by inserting the inputs to reach the final results which are the financial reports which show the company's financial position, company's business results, cash checking, and some simplifications that complete these financial lists which determine the company's financial position, its tasks, and performance.

During and after making accounting,account or checking is made and this is made for the task by checking samples and some comparisons just to know the credibility of the account outcome data and the extent and how it is identical to the acceptable accounting principles and standards. we do this to make the final reports showing the institution real position and the revising institution will be an outside part of the company. This won't prevent the presence of an inside auditor to avoid mistakes, but only the outside audition for the checking office will sign the final accepted financial lists after making sure that these lists are fair, correct, and showing the real position of the institution.

During making the financial accounting, some companies face necessity in determining a certain product cost or determining the different departments cost to the institution by using cost accounting. Cost accounting determines the product cost or the different departments cost inside the financial accounting work . It also evaluates the cost, determining the  deviation for the product, standard costs, or the management expected costs.

when making the final output of the accounting work and determining the income and the expenses to reach the profit, we determine the tax base, exceptions, etc to get the value we should pay for taxes, and this is tax accounting task. After adopting the outside audit office with auditing the financial data, and adopting with the accepted accounting principles. Taxes are going to be converted to the governmental institutions. Some times, there are auditor for these institutions to audit the content and mistakes.

management accounting are found in some companies and it's rare in the Arab world. this kind takes the accounting information and the input, then it adds analysis and perceptions for the future it also puts investment plans, how to start a good plans, trying a feasibility study for the storage, product,and the presented service. All these are supposed to be modified,but the point is how the modification will be new and add to the company.