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What Are the Different Types of Accounting Services? A Guide for Small Business Owners in Singapore

Counto

Heres a quick overview of the primary accounting services: Bookkeeping : Recording daily financial transactions, such as sales and expenses. Financial Statement Preparation : Creating essential financial reports like income statements, balance sheets, and cash flow statements.

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Types of accounting

Accounting Tools

Financial accounting requires detailed knowledge of the accounting framework used by the reader of a company's financial statements , such as Generally Accepted Accounting Principles ( GAAP ) or International Financial Reporting Standards ( IFRS ).

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What is accountancy?

Accounting Tools

These documents are presented based on sets of rules known as accounting frameworks , of which the best known are Generally Accepted Accounting Principles ( GAAP ) and International Financial Reporting Standards ( IFRS ).

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BONUS | Dennis Whitney - CMA Exam and Certification

IMA's Count Me

So if you want to go into public accounting, by all means I recommend that you get a CPA. But if you want to work inside an organization, for example, as a CFO, as a controller, as a senior financial accountant or senior management accountant, then by all means I recommend the CMA. It's really about planning.

CPA 40
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BONUS | CMA 50th Anniversary: Attracting the Best and the Brightest

IMA's Count Me

Denny has spent a lifetime working in accounting and finance. He currently serves as a member of IMA's Financial Reporting Committee and as the executive in residence at the JM Toll School of Accounting, Terry College of Business at University of Georgia. How did you learn about management accounting?