Financial accounting (or financial accountancy) is the field of accounting
concerned with the .... Financial accounting serves the following purposes:
Nov 19, 2011 ... The purpose of accounting is to accumulate and report on financial information
about the performance, financial position, and cash flows of a ...
The basic purpose of accounting is to provide information that are useful in
decision-making. Learn more about the role of accounting and the types of ...
The purpose of accounting is to provide the information that is needed for sound
economic decision making. The main purpose of financial accounting is to ...
Just as French is considered the language of love, accounting is considered the
language of business. In this lesson, you will learn exactly what...
In fact, the purpose of accounting is to help stakeholders make better business
decisions by providing them with financial information. Obviously, you wouldn't try
Apr 29, 2013 ... Purpose of Accounting. Companies invest a lot of time and money in maintaining
their accounts. Besides being a mandatory requirement, ...
Companies and individuals use financial accounting for the purposes of
preparing and presenting financial statements. They use these statements to
The main purposes of an accounting system are to prevent and detect fraud,
waste and theft and to generate financial statements for managers, creditors and
An accounting department provides accounting services and financial support to
the organization it belongs to. The department records accounts payable and ...