Is there any difference between acvounting and financial acvounting?
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Accounting meaning -
It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the.
Financial accounting meaning -
Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. This involves the preparation of financial statements available for public consumption. (there is huge difference between accounting and financial accounting)
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It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the.
Financial accounting meaning -
Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business. This involves the preparation of financial statements available for public consumption. (there is huge difference between accounting and financial accounting)
I HOPE IT WILL HELP YOU.
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hello dear friend hope it help you xd
hey mate your ans refer to attachment
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