Branches of Accounting, Uses of Accounting and Limitations of Financial Accounting

• Branches of Accounting, Uses of Accounting and Limitations of Financial Accounting
  [Business:Accounting] Accounting systems have evolved into different branches as per the requirements of use in trade, business, commerce and industry. While accounting systems have countless benefits and advantages to the business the financial accounting system may not truly portray the exact situation of the business due to many shortcomings.