Question

Danielle enjoys working as a Certified Public Accountant (CPA) and assisting small businesses and individuals with managing their finances and taxes. Which general area of accounting is her specialty?
Danielle specialized in _____.

Answer 1

Answer:

Tax Accounting

Explanation:

Answer 2

Answer:

Danielle specialized in "Tax Accounting."

Explanation:

Accounting refers to a systematic process that is used in order to manage financial information. In order to become a Certified Public Accountant (CPA), a person needs to pass an eligibility examination which will consider him a professional in that field. Once a CPA, the person can choose a general area to specialize. Some of these areas are: Financial Accounting, Government Accounting, Forensic Accounting, Tax Accounting, Internal Auditing, etc. However, we will focus on Tax Accounting.

Tax Accounting- this is one of the challenging fields to specialize. From the name itself, the field focuses on "taxes." A tax accountant needs to have a good knowledge about his country's tax system. He helps businesses and individuals in filing their tax through the Income Tax Return (ITR). He ensures that they follow the tax laws upon filing. Since this is what Danielle is doing, then it means he is specializing in Tax Accounting.