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词条 Draft:Financial Accounting
释义

FINANCIAL ACCOUNTING:It is used to

record transactions between the business and it's customers,suppliers,employees and owners.Financial accounting is mainly concerned with production of financial statements for users outside the business.

ACCOUNTING:ACCOUNTING may be defined as the collection,recording,evaluating and communication of economic events,quantified in monetary terms.Accounting or Accountancy is interested in and deals with only matters or information that can be quantified in monetary terms.Accounting may also be defined as the amount of recording,classifying and summarizing in a significant manner and in terms of money,transactions and event which are in part at least,of a financial character and interpreting the result thereof.

●Accounting can further be defined as the process of identifying,measuring and communication of economic information to permit informed judgment and decisions by the users of the information.It is the process of identifying, measuring, recording,and communicating economic information about an organization or other entity,in order to permit informed judgments by users of the information.

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