Discover Types of Accounting!

Decide what type suits you best

When you think of an accountant, what do you picture? Tax? Audit? Actually, the fact is that the accounting field is full of variety, with multiple accounting types, accounting terms, and accounting systems available.

Multiple types of accounting careers exist within the financial industry, with each performing a differing range of functions. Branches of accounting vary based on the employment setting, range of responsibilities and daily activities, types of available advancement, and other factors.  Find out what types of accounting in this article, and decide what type suits you best!

1. Public Accounting

Public accounting firms provide accounting services to a variety of clients, including service businesses, manufacturers, retailers, nonprofit organizations, governmental organizations, and individuals. Their responsibility to clients is to help ensure their financial statements, records, and filings are accurate. Public accountants often work closely with tax regulations and financial reporting and must maintain an up-to-date knowledge of both GAAP and the tax code.

2. Forensic Accounting

Forensic accounting is a unique combination of accounting, auditing, and investigative techniques. They are the detectives of the accounting world. Forensic accountants need to reconstruct financial data when the records aren’t complete. This could be to decode fraudulent data or convert a cash accounting system to accrual accounting. Forensic accountants are usually consultants who work on a project basis, according to Accounting Tools.

3. Governmental Accounting

Unlike financial accounting, which is governed by GAAP rules, governmental accounting is governed by the Governmental Accounting Standards Board (GASB). Government accountants work within the context of local, state, or federal government entities. They often work within frameworks that differ from those employed by public accountants. Government accountants are also often more strictly vetted, and in some positions will be responsible for keeping privileged or confidential information.

4. Managerial Accounting

This type of accounting provides data about a company’s operations to managers. Managerial accounting also known as management accounting. Managerial accounting includes budgeting and forecasting, cost analysis, financial analysis, reviewing past business decisions and more.  In addition, management accounting is forward-looking, devising ways to operate more efficiently while providing management with the tools and resources to form sound policies and procedures.

5. Cost Accounting

Cost accounting is most commonly used in the manufacturing industry, an industry that has a lot of resources and costs to manage. It is a type of accounting used internally to assess a company’s operations. They are responsible for examining every expense associated with a company’s supply chain to conduct a profitability analysis and budget preparation. This information is then compiled and communicated to business leaders to help them identify ways in which they can improve financial efficiency.

Interested in becoming one type of accountant above? The first step you should take is study about accounting. Don’t worry, start your accountant career by study Accounting and Data Analytics in SGU. The Accounting and Data Analytics study program in SGU is designed to prepare the students for bright careers in the accounting profession. Our excellent programs broaden and enrich students’ understanding in all accounting fields and financial sectors.

We provide a qualified and an international-standard based of accounting and management study program. Our curriculum is evaluated once every five years to compatible with the knowledge development and market needs.

The Accounting and Data Analytics study program in SGU actively conducts superior researches and publishes the research findings every semester. The research hopes can be utilized for the development of accounting professions, businesses, society, and the nation.

The Accounting and Data Analytics SGU offers a combination of data literation and accountancy skills for future professional accountants. As future professional accountants in Industry 4.0, you are required not only to focus on accountancy skills, but you are also required to enhance your cognitive abilities.

In Accounting and Data Analytics, students learn from the basic discipline material to more specialized, advanced discipline applications and data literacy such as Financial Accounting, Management Accounting, Corporate Finance, Business Analysis, Taxation, Auditing, and Data Science & Information Technology. It will allow our students to blend a conceptual framework with practical “real world” applications.

Students will study basic discipline materials of accounting subjects to more specialized, advanced discipline applications and data literacy such as Financial Accounting, Management Accounting, Corporate Finance, Business Analysis, Taxation, Auditing, Data Science & Information Technology.

Accounting and Data Analytics Study Program in SGU provides free Tax certifications such as Brevet A and Brevet B. We also provide Diploma certifications as Certified Accountants from ACCA UK and Public Accountant recognition from CPA Australia. Students will not only have a double degree in SGU but will also get diploma certifications up to a bachelor degree from Accountancy Institution.

SGU Accounting and Data Analytics offers 2 curricula:

• Single Degree
• Double Degree at Fachhochschule Südwestfalen at Germany

Download our curriculum by clicking the button at the end of this article.

Interested in knowing more about studying Accounting and Data Analytics at SGU? Wait no more, don’t hesitate to contact our consultant and find out more.

About SGU

SWISS GERMAN UNIVERSITY (SGU) is an international university in Indonesia, was established in 2000 as a joint effort between Indonesia, Germany, Switzerland, and Austria. We are the pioneer in offering international curricula in Indonesia. Qualified students can graduate with a Double Degree from Indonesia and Germany, which SGU provides in cooperation with partner universities; surely a valuable tool for your future careers. Ever since its establishment, SGU has been dedicated to delivering quality education in line with international standards and aims to develop skilled professionals who meet the demands of the industry. In order to achieve its objectives, SGU offers quality-oriented learning through 12 Bachelor’s Degree Programs and 4 Master’s Degree Programs ranging from Engineering, Information Technology, and Business to Life Sciences and Social Sciences. Furthermore, with small class sizes, and with English as the medium of instruction, you can look forward to pursuing your tertiary education and degree with full confidence.