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Accounting is one of the most popular fields these days. Students study accounting, however are not much aware of its types. There are almost ten types of accounting that one can study. Today we are going to give you a piece of brief information on the types of accounting. Types of Accounting Various types of accounting are not known to students. Here in this part, we will tell you about the types of accounting. Now let's discuss each type of accounting: Managerial accounting: Managerial accounting is needed for the financial planning of any business or organization, and primarily for the stakeholders. They work with managers most of the time to meet the goals and create a budget for an organization. Auditing: Auditing is also classified into two types that are internal and external auditing. Both of the audits are a part of accounting. ·          In external auditing, the company hands over the financial statements to a third party for financial ...