The accounting profession is divided into two main fields: bookkeeping and auditing.

Question

Quizplus · Accepted Answer

The accounting profession is actually divided into several fields, including financial accounting and reporting, management accounting, tax accounting, and auditing. Bookkeeping is a subfield of financial accounting and involves the recording of financial transactions. Auditing involves reviewing financial statements and records to ensure accuracy and legality.

The Accounting Profession Is Divided into Two Main Fields: Bookkeeping