The recording of financial transactions leading to the preparation of global financial statements, e.g. profit and loss account or balance sheet.
The branch of accounting that is concerned with the recording of transactions using Generally Accepted Accounting Principles (GAAP) for a business or other economic unit with a periodic preparation of various statements from such records.
Recording, classifying and sorting financial information, resulting in financial reports for people external to the organisation.
The branch of accounting concerned with the preparation of general-purpose financial statements for both management and outsider use.
A field of accounting that focuses primarily on reporting a company's financial information to meet the needs of the company's external users.
Financial accounting is the function responsible for the reporting required by company legislation for shareholders. It also provides such similar information as required for Government and other interested third parties, such as potential investors, employees, lenders, suppliers, customers, and financial analysts.
Refers to the accounting associated with the preparation of the main financial statements: income statement, balance sheet, statement of cash flows, statement of retained earnings, statement of shareholders' equity. To Top
The area of accounting concerned with reporting financial information to interested external parties.
Refers to the preparation of financial reports for use by investors, lenders, and others, using generally accepted accounting principles. Environmental accounting in this context refers to the estimation and public reporting of environmental liabilities and financially material environmental costs (ICF Inc., 1995).
Reporting of the financial position and performance of a firm through financial statements issued to external users on a periodic basis.