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Introduction to Financial Accounting: Learning Outcome
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Financial accountancy (or financial accounting) is the field of accountancy concernedwith the preparation of financial statements for decision makers, such as stockholders,suppliers, banks, employees, government agencies, owners and other stakeholders.Financial capital maintenance can be measured in either nominal monetary units or units ofconstant purchasing power. The central need for financial accounting is to reduce thevarious principal-agent problems, by measuring and monitoring the agents performanceand thereafter reporting the results to interested users.Financial accountancy is used to prepare accountancy data for people outside theorganisation or for those, who are not involved in the mundane administration of thecompany. Management accounting, provides accounting information...
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Introduction to Financial Accounting: Learning Outcome
Nội dung trích xuất từ tài liệu:
Introduction to Financial Accounting: Learning Outcome
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