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What is financial accounting?
Financial accounting is a specialized form of accounting that keeps track of transactions.
Is this answer helpful?Thanks!Give more feedbackThanks!How can it be improved?How can the answer be improved?Tell us howPeople also askWhat is financial accounting class?What is financial accounting class?The Financial Accounting course covers accounting terminology; the recording and classifying of financial transactions,including analyzing,journalizing,and posting; the preparation of the trial balance,work sheet and financial statements; a familiarization with handling of adjustments,bad debts,inventory and depreciation; and mattersFinancial Accounting Course | Center for Financial TrainingSee all results for this questionWho uses accounting information?Who uses accounting information?Accounting is the primary measuring tool in business. A business owneruses accounting information to gauge the financial performance of his enterprise. Accounting information is important to internal stakeholders,including business owners,managers and employees,and external stakeholders such as lenders,donors and the general public.Why is accounting information important? | ReferenceSee all results for this questionWhat is accounting definition?What is accounting definition?The definition of accounting is the process of systematically recording and managing financial accounts. Preparing a Profit and Loss Statement is an example of accounting.Accounting dictionary definition | accounting definedSee all results for this questionWhat is the primary purpose of financial accounting?What is the primary purpose of financial accounting?The main purpose of financial accounting is to prepare financial reportsthat provide information about a firm's performance to external parties such as investors,creditors,and tax authorities.Financial Accounting - QuickMBASee all results for this question
Financial Accounting - Investopedia
What is 'Financial Accounting'. Financial accounting is the process of recording, summarizing and reporting the myriad of transactions resulting from business operations over a period of time. These transactions are summarized in the preparation of financial statements, including the balance sheet, income statement and cash flow statement,..
What is Financial Accounting?
Financial accounting is the process of preparing financial statements that companies’ use to show their financial performance and position to people outside the company, Including investors, creditors, suppliers, and customers.
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