FINANCIAL ACCOUNTING HELP
Financial accounting includes the process of recording, summarizing and reporting the endless financial transaction over a period of time. These transactions resulted during the operation of business which is in the form of financial statement, balance sheet, income statement and cash flow statement.These statements encapsulate the business performance over a specific period of time.
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Components of financial accounting
Financial accounting forms the basis of the financial performance which includes the preparation of the financial reports which are in the disguise of the following statements:
3.Cash flow statement
4.Statement of changes in equity
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