Financial Accounting

Filed Under » ,
Dictionary Says

Definition of 'Financial Accounting'

Reporting of the financial position and performance of a firm through financial statements issued to external users on a periodic basis.
Investopedia Says

Investopedia explains 'Financial Accounting'

The key difference between financial and managerial accounting is that financial accounting is aimed at providing information to parties outside the organization, whereas managerial accounting information is aimed at helping managers within the organization make decisions.

Related Definitions

  1. Accounting

    To provide a ...
  2. Managerial Accounting

    The process of ...
  3. eXtensible Business Reporting ...

    A standard that ...
  4. Free Cash Flow For The Firm - FCFF

    A measure of ...
  5. Cost Accounting

    A type of ...
  6. Activity-Based Budgeting - ABB

    A method of ...
  7. Zero-Based Budgeting - ZBB

    A method of ...
  8. Accounting Records

    All of the ...
  9. Accounting Control

    Methods and ...
  10. Credit Business Associate - CBA

    A designation ...

Articles Of Interest

  1. Is Your Broker Acting In Your Best Interest?

    Learn the clues you'll need to determine whether you've chosen a reputable professional.
  2. A Look At Primary And Secondary Markets

    Knowing how the primary and secondary markets work is key to understanding how stocks trade.
  3. Introduction To Level II Quotes

    Find out what's happening in a given stock with this service showing Nasdaq market makers' best bid and ask prices.
  4. What is the difference between a broker and a market maker?

  5. 8 Good Intentions With Bad Outcomes

    Here are some historical examples of companies that tried to do the right thing and failed miserably.
  6. How Globalization Affects Developed Countries

    The increase in communications technology has companies competing in a global market.
  7. Is Stock Picking A Myth?

    Find out if mutual fund managers can successfully pick stocks or if you're better off with an index fund.
  8. How To Invest Like An Endowment

    Historically, Ivy League endowments have had a successful investment strategy. Will it work for you?
  9. 5 Ways To Measure Mutual Fund Risk

    These statistical measurements highlight how to mitigate risk and increase rewards.
  10. The Lowdown On Penny Stocks

    Think penny stocks will make you rich? If you don't understand the risks, you could end up penniless.