About this app
This is the only course application that is easy for students to use, convenient teaching and oriented to complete financial accounting exams. The main objective of this course application textbook is to enable students to understand financial accounting theory correctly, logically, relevant, coherently, proportionally and impressively for the questions posed in the Financial Accounting exam, relevant for Accountants courses i.e. MBA, CA, CMA/ CWA, BCom, BBA , BCom (Hons.), CS .This course application has been written in very simple and easy to understand language along with precise examples of all financial accounting concepts and accounting principles. This financial accounting textbook not only covers comprehensive content but also provides charts, accounting quizzes, and accounting glossaries for in-depth study.
Based on the understanding Financial accounting is the field of accounting that deals with the summary, analysis, and reporting of financial transactions related to business. It involves the preparation of financial statements that are available for public use. Shareholders, suppliers, banks, employees, government agencies, business owners and other stakeholders are examples of people who are interested in receiving such information for decision-making purposes.
Financial accounting is governed by local and international accounting standards. Generally Accepted Accounting Principles (GAAP) are a standard framework of guidelines for financial accounting used in certain jurisdictions. It includes the standards, conventions, and rules that accountants follow in recording and summarizing and in preparing financial statements.
On the other hand, International Financial Reporting Standards (IFRS) is a set of accounting standards that state how certain types of transactions and other events should be reported in financial statements. IFRS is issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting is becoming more common among global organizations.
While financial accounting is used to prepare accounting information for people outside the organization or not involved in the day-to-day running of the company, managerial accounting provides accounting information to help managers make decisions to manage the business.
Immediately download the financial accounting course application, all the basic theories of accounting are in this accounting course.
