Definition of financial accounting

Definition of financial accounting





Definition of financial accounting:

Accounting is a branch of Administrative Sciences, which means the financial information, and is an accountant who would collect and process such information in ways that art was able to take advantage of his relationship with them, and the final product of these processes are the financial reports.

- Financial Accounting: - is a set of assumptions, rules and scientific principles generally accepted that control the process of recording and tabulating the financial operations of facility specific, depending on a set of documents, books and financial statements in order to determine the outcome of the work and activity of the facility for a certain period and imaging of the financial position at a specified date, The accounting as a means to provide financial information to both management and non-so that they can build upon to take decisions and economic development, and is third in the facility owners, investors, and lenders, and suppliers, and experts from the capital market, financial consulting, and financial analysts, trade unions, chambers of commerce, and various government bodies Kmsalehp taxes. According to the project as Mahasppiadarp in various areas such as assistance in planning and policy-making and identify the financial positions of those who collaborated with the facility and other services and are therefore truly represent - as described by some - the language of business.


And accounting can be defined technically as defined by the American Accounting Association as: the process of identifying and measuring and communicating economic information to enable beneficiaries to act in light of clear vision.