A Primer on Financial Accounting (Paperback) (ISBN-13: 9786207485376)

Financial accounting is a fundamental and indispensable discipline in the world of finance and a vital pillar of commerce. It involves the systematic recording, summarizing, and reporting of financial transactions of a business. The purpose of financial accounting is to provide accurate and standardized financial information to external stakeholders such as investors, creditors, regulators, and tax authorities. Financial accounting also allows for compliance with legal and regulatory requirements, financial transparency, assistance in investments/lending decisions, and the recording and preservation of historical financial data. This primer explores the concept of financial accounting, its objectives, the key principles that govern it, and its vital role in both business decision-making and the broader economy. Specifically, it explains and illustrates, among other things, the accrual principle, components of the accounting equation, the accounting cycle, and the development of financial statements. It also explores ethical considerations involved in the practice.

Author: Alexander Franco
ISBN-10: 6207485378
ISBN-13: 9786207485376
Publisher: LAP Lambert Academic Publishing
Language: English
Published: 07/09/2025
Pages: 124
Format: Paperback
Weight: 0.39lbs
Size: 9.00h x 6.00w x 0.29d