Financial Accounting
Definition: Preparing financial statements for external stakeholders; governed by GAAP/IFRS
Scope:Very BroadDifficulty:Easy
Preparing financial statements for external stakeholders; governed by GAAP/IFRS
StandardsGAAP, IFRS
CertificationsCPA
GeographyUniversal
Related Terms
- Depreciation Expense(Primary)
- Accounts Receivable(Primary)
- Goodwill(Primary)
- FIFO First-In First-Out(Primary)
- Net Operating Loss NOL(Secondary)
Sub-topics (9)
Related Subjects
Components
- Historical Cost AccountingSub-topic
- Fair Value Mark-to-Market AccountingSub-topic
- Cash Basis AccountingSub-topic
- Accrual Basis AccountingSub-topic
Related
- Depreciation ExpenseRelated term
- Accounts ReceivableRelated term
- GoodwillRelated term
- FIFO — First-In, First-OutRelated term
Subcategories
Articles (11)
- Historical Cost Accounting
- Fair Value Mark-to-Market Accounting
- Cash Basis Accounting
- Accrual Basis Accounting
- Inflation Accounting
- Human Resource Accounting
- Creative Accounting
- Micro-Entity and Simplified Accounting
- Interim Financial Reporting
- Depreciation is a cash outflow
- Assets minus liabilities equals cash
External Links
- Financial accounting — Wikipedia