Financial accounting is an important part of any type of business, such as small, medium and large business. Financial accounting is an area of accounting related to the preparation of financial statements for interesting parties like such as shareholders, suppliers, banks, employees, government agencies,Workers,managment, owners, and other interested parties. Accounting may be the most important data method your company needs. Financial accounting is aimed at creating two main financial statements – a balance sheet together with profit and loss statements. The proposed software system uses a payment account to classify a corporation’s financial activities

Corporate accounting is a special branch of accounting that takes into account in public and private companies, prepares their final reports and cash flow reports,ratio analysis, analyses and interprets the financial results of companies and reports on specific events such as amalgmation,mergers, acquisitions, consolidated balance. A public company usually refers to a company that is allowed to offer its registered securities (stocks, bonds,mutual fund etc.) for sale to the general public, usually through the stock exchange, but may also include companies whose shares are traded through the market.

Cost accounting is an accounting method whose Objective is to cover the cost of a company by estimating costs for each and Every stage of production, as well as fixed costs such as depreciation of major equipment or machinery. Cost accounting first measures and records these costs individually, and then compares revenues with results or actual results to help the company measure its financial results and find out the profit through revenue.