Accounting is the science (perhaps art) of measuring and communicating financial information about companies in business. Accounting is the language of finance.
There are several branches of Accounting:
Financial Accounting - This is the study of measuring financial information and reporting it accurately.
Managerial Accounting - This is the study of using financial information to make decisions
Auditing - Auditing is the process of checking statements for accuracy and integrity.
Tax Accounting - is the study of using accounting to form a tax strategy.