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The reporting aspects of accountancy are considerable, and so have been divided into smaller areas of specialization, which are: Financial accounting . It summarised statements and communication the results there of to parties interested in them. Accounting / Covid-19: EU eases up on banking accounting rules The European Commission has announced a relaxation of banking accounting rules to ensure that lenders can continue to extend loans to companies struggling during the Covid-19 crisis, in a bid to ensure a coordinated EU response and avoid national fragmentation Xero’s online accounting software lives in the cloud. Accountancy definition is - the profession or practice of accounting. Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. Accountancy Insurance is the leader in protection for accounting professionals, assisting more than 3000 accounting firms in Australia, New Zealand and Canada. Accounting begins where book-keeping ends.