FA 45 Statement of Cash Flows Explained
Share your inquiries now with community members
Click Here
Sign up Now
Lessons List | 52
Lesson
Show More
Lessons
Comments
Our New Certified Courses Will Reach You in Our Telegram Channel
Join Our Telegram Channels to Get Best Free Courses
Join Now
We Appreciate Your Feedback
178 Reviews
Zahed Ahmed Khan
URIE Laetitia
Suraj N2
MD. TAJUD ALI SAGAR
Show More Reviews
Related Courses in Business
Course Description
There are two types of financial accounting: cash and accrual accounting. Both methods use double-entry accounting to accurately record financial transactions. While very small businesses frequently use cash accounting, all larger businesses as well as publicly traded businesses are required to use accrual accounting.What is the main function of financial accounting?
The main purpose of financial accounting is to prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities.What is Financial Accounting example?
Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement such as an income statement or a balance sheet.What are the 5 accounting concepts?
: Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Duality Aspect concept, Realisation Concept, Accrual Concept and Matching Concept.What are the 4 types of accounting?
These four branches include corporate, public, government, and forensic accounting.What are the 2 types of accounting?
The two main accounting methods are cash accounting and accrual accounting. Cash accounting records revenues and expenses when they are received and paid.What are the advantages of financial accounting?
Advantages of Accounting
Maintenance of business records.
Preparation of financial statements.
Comparison of results.
Decision making.
Evidence in legal matters.
Provides information to related parties.
Helps in taxation matters.
Valuation of business.What are the three main functions of accounting?
There are three main functional areas of accounting which need to be considered in modern day accountancy for any business. The three areas are, cost, finance and management accounting.
Trends
Graphic design tools for beginners
Web Design for Beginners
Accounting Finance course
Logo Design
Web design basics
Accounting
Graphic Design Basics
Best zoology books
Master graphic design techniques
Web Design Using HTML CSS
Figma globe icon design
SQL for accountants and finance managers
Anatomy Physiology
Figma fast design techniques
Digital Logic Families in Digital Electronics
Figma Signing Up and Signing In
Education Biotechnology
General Embryology 2
company accounts fundamentals
Theory of Computation
Recent
Bioinformatics basics
Bioinformatics databases
Vitamin A to Z tablets
Best zoology books
Best cream for piles pain
Laser surgery for piles
Best cream for piles
Anal fissure treatment
Best antibiotics for diseases
Antibodies structure
Macrophage structure
Drosophila genetics
Diagnostic tests
Bioinformatics
Genetics
Gene therapy
Kidney structure
DNA replication and types
Bacterial cell structure
Parasite structure