Management Accounting - prepares and analyses financial information primarily for internal use. It includes financial planning (especially budget preparation and reporting), and Cost Accounting (which tracks and analyses the cost of products and activities engaged in by the organisation).
Financial Management - concerned with financial decision making, including choosing sources of capital and investment decisions.
Auditing - the process of examining an entity's financial statements and reporting on whether or not they accurately summarise the underlying accounting transactions and portray a true and fair view of of the organisation's performance and financial position. Auditors may also examine and report on an organisation's system of internal control, wider business processes. External auditors are independent of the organisation and report primarily to the owners, trustees or other stakeholders. Internal auditors are employed by the organisation and report to the senior management.
Tax and Regulation - Refer to the knowledge of taxation, ethics, professional and legal responsibilities, and business law.