Cash Flow Statement

This introduction to financial accounting is meant to introduce financial accounting topics to beginners. Students learning a business administration subject in a university can also benefit from this introduction to financial accounting. First, let us clear the question, what financial accounting is all about. Well, financial accounting is about the chronological and systematic recording of all business transactions that occur in a firm. Chronological recording means that all transactions are ordered by period and time, while systematic recording means that there are accounting categories and rules to be observed. Why your Business needs Financial Accounting Secondly, for which reasons do […]