Accounting is the process of summarizing, analyzing and reporting financial transactions to oversight agencies and tax collection entities.

Basics of classified multiple-step merchandising income statement

Benjamin H. 2018-05-12 17:15:48 Net income, income statement, financial accounting, sales, expenses

The classified multiple-step format is generally used for internal reporting because of the detail it includes.

What makes financial accounting important?

Michael M. 2018-04-20 17:16:18 Financial accounting, communication, business

Many possible benefits can be gained from acquiring a strong knowledge of financial accounting and the means by which information is communicated about an organization.

What is financial accounting?

Michael M. 2018-04-19 17:17:18 Financial accounting, communication, individual

Understand the connection between financial accounting and the communication of information.