Financial accounting, Cost Accounting

Financial Accounting

It is the analysis, and recording and classification of financial transactions and the ascertainment of how that information will be reported to the different users.  It includes the development of general-reasons financial statements largely for external reporting.  These statements are developed in accordance along with standards imposed via the public or through the professional accounting bodies as like the Institute of Certified Public Accountants of US and the International Accounting Standards Board - IASB and also the requirements of the Companies.

Posted Date: 2/4/2013 8:27:02 AM | Location : United States







Related Discussions:- Financial accounting, Assignment Help, Ask Question on Financial accounting, Get Answer, Expert's Help, Financial accounting Discussions

Write discussion on Financial accounting
Your posts are moderated
Related Questions
Harriet Ltd is a trading company set up a number of years ago with 5,000 £1ordinary shares issued at par. In order to expand the production facilities it needs to raise a further £

Chester & Wayne is a regional food distribution company. Mr. Chester, CEO, has asked your assistance in preparing cash-flow information for the last three months of this year. Sele

1. Shares were certified at a premium of Rs. 1.50' per share. 2. Throughout the year Taxation liability regarding of 2002 was Rs, 20,000 and paid. 3. Throughout the year, Rs.

Purpose of Cost Accounting Information Cost accounting is employed for a number of reasons, some of that are briefly described in the given points as: a) Accounting for co

Commodities to Stock Employ Material Requirement Planning From the Master Production Schedule the manager has determined such the products to be produced. A

Tracking Overhead Jack would have a many task at hand if he tried to daily trace all such items of overhead. For example: x     How difficult it would  become to track the "

Find the following values for a single cash flow: a. The future value of $500 invested at 8 percent for 1  year b. The future value of $500 invested at 8 percent for 5 years

The owner of the Hughes Car Wash believes that the relationship between the number of cars washed and the amount of labor employed is Q = 0.8 + 4.5 L - 0.3 L2 where Q = the num

This is the income received but not earned throughout the accounting period. Conversely, this is the income for those services are to be rendered in future. Such income is deducted

Year Ending April 2009, 2009 April 30, 2008 Net Sales $10,148,082 $10,070,778 Accs Receivable 1,171,797 1,161,481 Assume that the accounts receivable (in thousands) were $996,852 a