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Part 1. Think on your Own. Think of situations or scenarios where the service/s of each branch of private accounting can be stated or explained. Scenario 1 (focus on Financial Accounting) 1point Scenario 2 (focus on Cost Accounting) 1point: Scenario 3 (focus on Budgeting) 1point Scenario 4 (focus on Accounting Information System) 1point Scenario 5 (focus on Tax Accounting) 1point, Scenario 6 (focus on Internal Accounting) 1point: Scenario 7 (focus on Management Accounting) 1point