Identify the major fields that exist in accounting and comment on the major functions performed by individuals in each of these areas.

Accounting in the modern business world has become the vital part of any company which exists. The main role of accounting is to prepare , record and report all kinds of financial activities. On monthly basis prepare a profit & loss balance sheet for the senior management so that share holders may know the financial position of the company and make corrective decisions to  improve their business skills to achieve their goals.

1. HR Accounting.

2. Compensation and benefits.