What is Financial accounting?

May 13th, 2015
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Norfolk State University
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Financial accountants will prepare financial reports and statements for a business and this will help other areas of the business make decisions. The statements may be available for either external and/or internal members of the business.

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What isfinancialaccounting?Financial accountants will prepare financial reports and statements for a business and this will help other areas of the business make decisions. The statements may be available for either external and/or internal members of the business. They will be made available to external people who may wish to invest in the business, shareholders of the business, banks (in the case that the business wish to take out aloan), stakeholders and possibly even employees.One of the primary reasons for having financial accountants is to monitor the performance of a busines

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