What is Financial Accounting?

Financial accounting is the process of preparing financial statements that companies’ use to show their financial performance and position to people outside the company, Including investors, creditors, suppliers, and customers.

This is one of the most important distinctions from managerial accounting, which by contrast, involves preparing detailed reports and forecasts for managers inside the company. Most companies put together quarterly and annual financial statements, which they make available to shareholders and the investing public. There are four basic financial statements used in the corporate world to show a company’s financial performance:

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Prerequisites for this Course are...

  • A basic knowledge in Statistics
  • Fundamental of business
  • A basic knowledge of accounting 1

Course Policy

  • Our Physical course policy consist of attendance
  • Our Online course policy

In this course you will learn...

  • Accounting Information
  • Accounting Defined
  • A Quality information System
  • Accounting and Professional Ethics
  • The Fundamental Accounting Equation
  • How Transaction Impact the Accounting Equation

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