What is the function and primary focus of financial accounting?

Question:

What is the function and primary focus of financial accounting?

Financial Accounting:

Financial accounting is the branch is accounting that deals with the summarization, analysis, marketing disclosure of a company's financial activities. Financial accounting entails preparing income statements for market use.

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The goal of financial reporting is really to track, analyse, and report company's earnings. The objective of these reports is to analyse resource...

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Managerial Accounting vs. Financial Accounting

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Chapter 33 / Lesson 1
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Learn about the differences and similarities between financial accounting and managerial accounting. Learn the different uses of financial and managerial accounting.


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