Financial accounting is a special division of accountancy that records the financial transactions of an enterprise. The transactions are summarized and presented in the financial statements like the income statement, Cash flow statement and the Balance sheet. The purpose of accounting is to gather and process information to provide the management with sound economic decision making power. If you are looking for live tutoring in Financial engineering then contact our live chat operator. We have also offer provide course in financial engineering for the students who are looking for extra help.
Small businesses may use an accounting system that has a cash basis of recognizing revenues and expenses. It necessarily means that neither expenses nor revenues are recognized until the cash linked to them is actually received. Larger the business, they tend to prefer the accrual method. Our experts are always ready to help at anytime of the day. The work done is properly verified by the team so that least errors are present.
Businesses run with two primary objectives – to earn profit and remain solvent. Solvency of a business determines it capability to service its debts and pay off its pending bills.
Creditors provide money to a company for a specific duration as loans and derive profits by charging interest on the money lent. Manufacturers make the ancillaries and materials needed to manufacture the final products or purchase them from external vendors. All these transactions are recorded in a unified way of double entry system in accounting.
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