2 thoughts on “What is the difference between financial accounting and financial accounting?”
Lynda
The main content of financial accounting learning is the accounting of industrial enterprises and commercial enterprises. It is the preparation of financial accounting and financial statements from the perspective of general enterprises and companies. Financial accounting learning is the accounting industry, including banks, securities companies, insurance companies, etc. This kind of enterprises are special, so in the new accounting standards, there is a method of preparation of accounting subjects and statements specifically suitable for financial companies. There is also a major of opening financial accounting. However, while learning financial accounting, we generally take the relevant knowledge of financial accounting to achieve the degree of understanding. Generally speaking, the two accounting services are different
Financial accounting usually refers to the parts other than cost accounting in traditional accounting, mainly including fixed assets and liquid asset accounting, funds and borrowings accounting, sales revenue, profit determination and distribution accounting. If financial accounting is an information system that applies the basic principles of accounting and its procedures and methods to financial enterprises, reflects financial corporate economic activities, and provides financial enterprises' financial status, operating results, and cash flow. The people who are asking for financial accounting and financial accounting are possible. Financial accounting refers to all personnel engaged in accounting work, and now they generally refer to personnel who are engaged in accounting work in ordinary enterprises and institutions. If financial accounting generally belongs to the working scope of financial enterprises such as bank securities and insurance. A former borrowing: funds out of loan: funds flow Last borrowing of funds inflow loan: capital outflow
The main content of financial accounting learning is the accounting of industrial enterprises and commercial enterprises. It is the preparation of financial accounting and financial statements from the perspective of general enterprises and companies. Financial accounting learning is the accounting industry, including banks, securities companies, insurance companies, etc. This kind of enterprises are special, so in the new accounting standards, there is a method of preparation of accounting subjects and statements specifically suitable for financial companies. There is also a major of opening financial accounting. However, while learning financial accounting, we generally take the relevant knowledge of financial accounting to achieve the degree of understanding. Generally speaking, the two accounting services are different
Financial accounting usually refers to the parts other than cost accounting in traditional accounting, mainly including fixed assets and liquid asset accounting, funds and borrowings accounting, sales revenue, profit determination and distribution accounting.
If financial accounting is an information system that applies the basic principles of accounting and its procedures and methods to financial enterprises, reflects financial corporate economic activities, and provides financial enterprises' financial status, operating results, and cash flow.
The people who are asking for financial accounting and financial accounting are possible. Financial accounting refers to all personnel engaged in accounting work, and now they generally refer to personnel who are engaged in accounting work in ordinary enterprises and institutions.
If financial accounting generally belongs to the working scope of financial enterprises such as bank securities and insurance.
A former borrowing: funds out of loan: funds flow
Last borrowing of funds inflow loan: capital outflow