Different Branches of Accounting MBA and their Functions in Business Organizations Accounting is related to the service activities of an organization that are principally related to finance and economic entities. The function of accounting executives is to provide useful information that is crucial for making financial decision and making reasoned decisions from diverse courses of actions. Different branches of accounting have different purposes in the business organizations. For instance, financial accounting is one branch of accounting that is primarily related to process financial information on how businesses are recorded, summarized, classified, interpreted and communicated. Management accounting, basically, deals with the information used within an organization that is accessible only to the authorities. Tax accounting is the field related to accounting management of an organization that complies with the authorities of tax regulations.

The huge demand of skilled and trained professionals in the field of accounting make the program a popular career options for many job aspirants. The program can create many opportunities for people who are in the field and want to grow with their skills. Individuals with professional qualification in accounting MBA have various opportunities for working as managers. Accounting managers are high in demand in every organization and in every industry. A degree in accounting MBA can widen your scope to bag better jobs with hefty salaries even in recession period. The designations of an executive with accounting MBA degree may vary anything from accounting manager, corporate controller, chief financial officer, cash manager to management consultants.

Accounting managers in the corporate sectors are responsible for tax reporting and management, and developing income statements. The professional accountants in the public accounting companies perform the job of independent audit or tax consultants. An accounting MBA program offers you the exact coursework required to manage the accounting needs of an organization. The MBA colleges in India provide strategically developed programs that cater to the need of business organizations in different industries. The programs in the B-schools include learning financial assessment and reporting, planning, implementation, tax management and risk management. Completion of accounting MBA program helps you develop detailed and practical learning about the business organization.