Definitions for "Financial Accounting"
A Financial Records System application that balances the General and Subsidiary ledgers while providing a complete audit trail of all transactions.
maintains auditable financial records.
General Ledger.
The process of generating accounting information that is communicated in the form of financial statements to those outside the organization.
General terms covering preparation of the ‘ordinary' business accounts i.e. balance sheet, profit and loss account and related notes and statements.
The use of accounting information for reporting to parties outside the organization.
Gathering and publishing information to do with the finances of a company.
financial information primarily for internal use