Accounting can be divided into several fields including financial accounting management accounting, auditing and tax,,, Accounting. [] Accounting 6 information systems are designed to support accounting functions and related activities. Financial. Accounting focuses on the reporting of an organization 's financial information including the, preparation of, financial statementsTo external users of, the information such as investors regulators and, suppliers; [] and 7 management accounting focuses. On, the measurement analysis and reporting of information for internal use by management. [] [] The 1 7 recording of financial. Transactions so that, summaries of the financials may be presented in financial reports is known as bookkeeping,,Of which double-entry bookkeeping is the most common system. [8]
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