financial accounting


The act of overseeing the financial operations of companies based on accounting standards.

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You should always try and keep the same way of financial accounting so that new hires can adapt to it quickly.

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The financial accounting was spectacular at the firm as the financial statements were always prepared ahead of time and never had mistakes.

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Generally accepted accounting principles (GAAP) provides the foundation for financial accounting which must be adhered to by publicly traded companies.

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budgetary accounting Accounting Principles Board (APB)