A Primer on Financial Accounting | Concepts and Applications. Dieser Artikel ist nicht verfügbar.A Primer on Financial Accounting | Concepts and Applications

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.

Alexander Franco, Ph.D., is a full professor of Business at Cam-Ed Business School College in Phnom Penh, Cambodia. He has taught courses for 27 years, including financial and managerial accounting, as well as corporate finance. Dr. Franco has 85 publications in 11 languages. He is a former Certified Public Accountant (USA).