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Accounting plays a vital role in running a business as it is the language of business. It is the system of recording, summarizing, and analyzing

Accounting plays a vital role in running a business as it is the language of business. It is the system of recording, summarizing, and analyzing an economic entity's financial transactions. As a result of economic, industrial, and technological developments, different specialized fields in accounting have emerged. a) Discuss any FOUR (4) specialized fields in accounting. You should engage an appropriate level of research and related examples. b) Summarize the differences between accounting and book-keeping. You should engage an appropriate level of research and related examples (Total: 100 marks) Note: Refer Appendix 1 for the marks allocation*. Total marks for this group assignment is 100 marks and these marks will be converted into 30 marks of overall assessment for this module. *The detailed marking criteria for the allocation of 100 marks are provided in Appendix 1 LENGTH REQUIRED 2500 words +/- 10%. Any deviation from this will be penalized

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