Finance

Financial Accounting – Statements, Types, Principles

Financial-Accounting-Statements-Types-Assets-Liabilities-Income-Statement-Cash-Accounting-Principles

Financial accounting is different from managerial accounting which requires preparing of forecasts and detailed report for managers inside the company. Other branches of accounting include tax accounting, cost accounting and auditing. In this article we will look at various types of financial accounting along with the objectives of financial accounting. The purpose of financial accounting

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