financial accounting

Definition

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

Use this term in a sentence

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

​ Was this Helpful? YES  NO 11 people found this helpful.

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

​ Was this Helpful? YES  NO 3 people found this helpful.

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

​ Was this Helpful? YES  NO 9 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
budgetary accounting Accounting Principles Board (APB)