Financial accounting is the process of recording, summarizing and reporting a company’s business transactions through financial statements. These statements are: the income statement, the balance sheet, the cash flow statement and the statement of retained earnings.
This book introduces the core of “Financial Accounting”. Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time. Financial accounting is the process of recording, summarizing and reporting a company’s business transactions through financial statements. These statements are: the income statement, the balance sheet, the cash flow statement and the statement of retained earnings.
- Financial accounting.
- Public accounting.
- Government accounting.
- Forensic accounting.
- Management accounting.
- Tax accounting.
Financial Accounting primary responsibility is to generate financial statements and the related disclosures that fairly reflect the financial results and condition of the organization. Its primary beneficiary is outsiders, such as investors, creditors, and lenders.
Though different professional accounting sources may divide accounting careers into different categories, the four types listed here reflect the accounting roles commonly available throughout the profession. These four branches include corporate, public, government, and forensic accounting.
We sincerely hope that, when you read this book, you will develop an interest in technical analysis and have a detailed knowledge on what has made investors develop such an analysis method. We are quite confident that technical analysis will be one of the useful methods for you to improve your knowledge on investment.
With the help of this book, the reader can build a solid foundation for his / her endeavor in Financial Accounting.
Happy Learning!
