{"product_id":"financial-accounting-9786202814874","title":"Financial Accounting","description":"\u003cp\u003e • Author(s): Derese Alehegn\u003cbr\u003e • Publisher: LAP Lambert Academic Publishing\u003cbr\u003e • Publisher Imprint: LAP Lambert Academic Publishing\u003cbr\u003e • BISAC: Production \u0026amp; Operations Management\u003c\/p\u003e\u003cp\u003eFinancial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Using standardized guidelines, the transactions are recorded, summarized and presented in a financial report or financial statement such as an income statement or a balance sheet. The two types - or methods - of financial accounting are cash and accrual. Although they're distinct, both methods rely on the same conceptual framework of double-entry accounting to record, analyze and report data transnational at the end of a given period - such as a month, quarter or fiscal year. Financial accounting serve the following purposes: producing general purpose financial statements. producing information used by the management of a business entity for decision making, planning and performance evaluation. producing financial statements for meeting regulatory requirements. The difference between finance and accounting is that accounting focuses on the day-to-day flow of money in and out of a company or institution, whereas finance is a broader term for the management of assets and liabilities and the planning of future growth. Accounting is the bookkeeping method involved.\u003c\/p\u003e","brand":"Atlantic Books","offers":[{"title":"Paperback","offer_id":46452499873943,"sku":"9786202814874","price":8139.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9786202814874.webp?v=1769141113","url":"https:\/\/atlanticbooks.com\/products\/financial-accounting-9786202814874","provider":"Atlantic Books","version":"1.0","type":"link"}