FINANCIAL ACCOUNTING

[sunandaC]

FINANCIAL ACCOUNTING

“Financial Accounting is concerned with Classifying, Measuring and Recording the transactions of a business at the end of the accounting period (typically a year).

TOOLS OF FINANCIAL ACCOUNTING

The Following Financial Statements are prepared to show the Performance and Position of the Business.

Profit and Loss Account

Balance Sheet

Notes to the Accounts

Director’s Report

Objectives:-

To ascertain financial position

Primary means of communicating

To comply with the law.

 

[harshad83]

hey can u post some more info or links (notes)which will help us to understand this subject for non financial background ppl like me..!?

 

[jitendra05]

FINANCIAL ACCOUNTING

“Financial Accounting is concerned with Classifying, Measuring and Recording the transactions of a business at the end of the accounting period (typically a year).

TOOLS OF FINANCIAL ACCOUNTING

The Following Financial Statements are prepared to show the Performance and Position of the Business.

Profit and Loss Account

Balance Sheet

Notes to the Accounts

Director’s Report

Objectives:-

To ascertain financial position

Primary means of communicating

To comply with the law.

Hey sunanda, thanks for sharing such a nice presentation and explaining about the financial accounting. BTW, i am sharing a document where you can find more detailed information on financial accounting and it may help others.