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    naeem afzal's Avatar
    naeem afzal Posts: 1, Reputation: 1
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    #1

    May 11, 2010, 07:33 AM
    What is financial accouting?
    What is financial accouting?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    May 11, 2010, 06:45 PM

    Financial accounting involves the preparation of a business's financial statements, mainly for users outside the business. These reports are used by owners and potential owners of a business and by people who have loaned a company money. Some government agencies that regulate business and the stock market require companies to submit financial statements to them.
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