The objectives of financial accounting

The objectives of financial accounting

Can be divided to the objectives of financial accounting objectives associated with side Applied and objectives linked to the theoretical side.



A - goals that are related to applied side




1 - providing a complete record of all financial operations of the facility whether they relate to Palmserfat and income or receivables, etc. .......



2 - determine the outcome of the business of the profit or loss during a financial period.



3 - Determine the financial position of the facility at the end of the financial period.







B - basic objectives of the theoretical side of science.


Preparation of periodic reports required for the different administrative levels, which helps in making rational decisions.

Provide data and information that serve the symptoms of external users such as suppliers and lenders

Providing data and information that serves government agencies for taxation purposes in the areas of the preparation of general plans at the state level.

Provide information on the economic resources of the project and obligations as a result of obtaining those resources.