Many accounting professionals work in one of the following three areas:
a. Financial accounting
b. Managerial accounting
c. Taxation accounting
For each of the following responsibilities, identify the area of accounting that most likely involves that responsibility:
1. Auditing financial statements.
2. Planning transactions to minimize taxes paid.
3. Cost accounting.
4. Preparing financial statements.
5. Reviewing financial reports for compliance with provincial securities commissions requirements.
6. Budgeting.
7. Internal auditing.
8. Investigating violations of tax laws.