Financial Accountancy
Accountancy, Financial statement, Government agency, Constant Purchasing Power Accounting
978-613-6-68775-9
6136687755
100
2011-06-16
183.60 R$
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Financial accountancy (As seen by the COB) (or financial accounting) 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. The fundamental need for financial accounting is to reduce principal-agent problem by measuring and monitoring agents' performance and reporting the results to interested users. In short, Financial Accounting is the process of summarizing financial data taken from an organization's accounting records and publishing in the form of annual (or more frequent) reports for the benefit of people outside the organization.
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