Category: Financial Accounting

Financial accounting is the process of recording, summarizing, and reporting a company’s transactions to external users such as investors, creditors, and government agencies. It provides information about a business’s financial performance and position, including its assets, liabilities, equity, revenue, and expenses. By following accounting standards and principles, financial accounting helps ensure that financial statements are accurate, reliable, and comparable across different organizations. If you are interested in learning more about financial accounting, this section covers accounting terminology, tips for improving skills, and related topics across subjects. Enjoy reading and share your feedback.