FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
(Sprache: Englisch)
Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized and presented in a financial report or financial statement such as an...
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Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized and presented in a financial report or financial statement such as an income statement or a balance sheet. The two types - or methods - of financial accounting are cash and accrual. Although they're distinct, both methods rely on the same conceptual framework of double-entry accounting to record, analyze and report data transnational at the end of a given period - such as a month, quarter or fiscal year. Financial accounting serve the following purposes: producing general purpose financial statements. producing information used by the management of a business entity for decision making, planning and performance evaluation. producing financial statements for meeting regulatory requirements. The difference between finance and accounting is that accounting focuses on the day-to-day flow of money inand out of a company or institution, whereas finance is a broader term for the management of assets and liabilities and the planning of future growth. Accounting is the bookkeeping method involved.
Autoren-Porträt von Derese Alehegn
Alehegn, DereseHe have two master of degrees on Department of educational planning and management by specialized educational policy and planning at Addis Ababa University from (Nov. 2010-2012) and Business Administration at the University admass 2020.
Bibliographische Angaben
- Autor: Derese Alehegn
- 2021, 348 Seiten, Maße: 22 cm, Kartoniert (TB), Englisch
- Verlag: LAP Lambert Academic Publishing
- ISBN-10: 620281487X
- ISBN-13: 9786202814874
Sprache:
Englisch
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