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Accounts is a subject in which, even though you know the subject principles
very well, sometimes you find it difficult to analyze the data, to put it in right
format and draw the correct conclusion. It’s not always about formulas and principles
but the logical comprehension of the given account assignment. If you fail to comprehend
the case correctly you can’t draw correct conclusions.
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We have tutors with experience covering all the three areas of accounting, ensuring
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The three accounting areas are:-
Financial accounting: - Financial accounting is primarily concerned with
record-keeping directed towards the preparation of profit and loss account and balance
sheet. The main purposes of financial accounting are:
Recording of the transactions concerning and affecting the business
Preparation of necessary accounts and balance sheet as required by statutes
Apprising the owners of the business about the results of the business, over
a period of time.
Cost accounting: - Cost Accounting is the process of accounting for costs.
It is a systematic procedure for determining the unit cost of output produced or
services rendered. The primary functions of cost accounting are to ascertain the
cost of a product and to help the management in control of cost.
In short, cost accounting is the branch of accounting which deals with the classification,
recording, allocation, summarization and reporting of current and prospective costs.
Both financial and cost accounting is concerned with the accumulation and presentation
of information to serve the needs of management and outsiders.
Management accounting: - Management accounting is the reproduction of final
accounts in such a manner, as will enable the management to take decisions and to
control activities. It covers the accounting methods, systems and techniques which,
coupled with special knowledge and ability, assist management in its task of maximizing
profit or minimizing losses.
Your account assignment help is referred to the specialist in the given areas who
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