PRINCIPLES OF FINANCIAL ACCOUNTING
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Financial Accounting provides solutions to the need to have ready information to take appropriate financial decisions in business and non-business organizations. It speaks to the process of collecting, recording, presenting, and analyzing/interpreting financial information to permit informed judgment by users of the information. It reports, in aggregate financial terms and during a given period, the overall results of the operations of the organization, highlighting especially, the financial strengths and weaknesses. A good manager should be equipped with the knowledge and tools required to pr...
Financial Accounting provides solutions to the need to have ready information to take appropriate financial decisions in business and non-business organizations. It speaks to the process of collecting, recording, presenting, and analyzing/interpreting financial information to permit informed judgment by users of the information. It reports, in aggregate financial terms and during a given period, the overall results of the operations of the organization, highlighting especially, the financial strengths and weaknesses. A good manager should be equipped with the knowledge and tools required to present and analyze financial reports. The course contents in this book include introducing financial accounting - meaning, purpose/focus, comparison between financial accounting and management accounting; financial statements and analysis; accounts of sole proprietorships; companies, partnerships, and non-profit organizations; manufacturing and control accounts; and funds flow statement.
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