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Accountancy is a huge industry around the world, with an active presence in every country on Earth. An accountant is responsible for communicating a wide range of financial information, both to business entities and individuals. There are also many accountants who work for government institutions and organisations, especially in the taxation departments of various national governments.
Accountants perform similar services all over the world, whether they are accountants in Berlin or accountants in Sydney. However, the services performed by accountants are dictated by the terms of their employment and the industry they are involved in. Accountants can be roughly divided into two distinct categories, management accounting for businesses, and financial accounting for people who are outside business entities.

Accounting is often called “the language of business”, because of its ability to report a wide range of financial information relating to all areas of a business entity. Management accounting is a huge part of modern day accountancy, and is used to provide information to employees, managers, owner managers, and auditors. Accountants are absolutely critical in a modern business setting, as a way to make sure people are making the most accurate decisions possible for the financial health of their business. Accountants working in the area of management accounting perform a range of different functions, including regular bookkeeping, special accounts, taxation, profit and loss statements, and a range of other services.

In contrast to management accountants, financial accountants provide information to people outside a business entity. Depending on the nature of the work involved, this may include shareholders, creditors, banks, vendors, financial analysts, economists, and government agencies. These entities may have different needs from businesses, and may require a different set of accountancy services to be performed. Every user of an accountancy service has different needs and expectations that must be met, which means there are a wide range of presentation styles regarding financial accounts. There are also a range of rules that govern the certification of accountants and the standardisation of record keeping across the world, which also has an impact on the services offered by accountants in different areas.