The two broad branches into which accounting is divided are:

Question

Quizplus · Accepted Answer

Accounting is broadly divided into two branches - management accounting and financial accounting. Management accounting is concerned with providing information to internal users (management) for decision-making and planning, while financial accounting is focused on providing information to external users (investors, creditors, government) for decision-making and compliance purposes. While other divisions such as cash and accrual, taxation and financial, and commercial and non-commercial exist, they are more specific distinctions within the broader branches of management and financial accounting.

The Two Broad Branches into Which Accounting Is Divided Are