Introduction to Financial Accounting
Overview Accounting - the language of business, is the process of sharing, measuring & processing any business entity’s financial information. The information is presented in a particular format and used by several stakeholders for decision-making. It further has 3 branches under it: Usually financial in nature Presented in a particular format Used by several stakeholders for decision making Scope: To understand the basics of accounting What is Accounting? Different branches of Accounting How accounting helps in the decision-making process? This accounting information is used differently by different stakeholders to make crucial decisions regarding the evaluation of assets, estimation of risk involved, and calculation of the profitability of important investment decisions. Accounting Accounting is the process of measuring, recording, summarising & communicating the financial transactions of any business entity. The information is usually presented in a particular format and u...