Financial Accounting

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

Terms Related Links

Accounting
Accounting Records
Activity Based Budgeting - ABB
Cost Accounting
eXtensive Business Reporting Language - XBRL
Free Cash Flow For The Firm - FCFF
Managerial Accounting
Zero-Based Budgeting - ZBB

Terms Related Links
Introduction To Fundamental Analysis - Learn this easy-to-understand technique of analyzing a company's financial statements and reports.

What Are Fundamentals? - The investing world loves to talk about fundamentals, but what does the term really mean?

Earnings Quality - Learn the accounting concepts that will help you to dig into to the details to find earnings manipulation.

Given a good bookkeeping system, would financial accounting be necessary?

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