Advanced Financial Accounting by Kumudini Thakor - Hardcover - College Books

Financial accountancy is the field of accountancy concerned with the preparation of financial statements for decision-makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders. Financial capital maintenance can be measured in either nominal monetary units or units of constant purchasing power. Financial accountancy is used to prepare accounting information for people outside the organization or not involved in the day-to-day running of the company. Financial accounting is governed by both local and international accounting standards. At the heart of financial accounting is the system known as double entry bookkeeping. Each financial transaction that a company makes is recorded by using this system. Financial accounting is required to follow the accrual basis of accounting. The book nicely elaborates each and every aspect of financial accounting. The multidimensional expression with organized and systematic presentation will lead the reader to grasp the content and effective applications of accounting. This book will be a leading guiding resource on accounting for the readers.