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Business Ethics and Corporate Governance, Second Edition
book

Business Ethics and Corporate Governance, Second Edition

by A. C. Fernando
March 2012
Beginner
623 pages
35h 9m
English
Pearson India
Content preview from Business Ethics and Corporate Governance, Second Edition
FINANCIAL ACCOUNTING

Financial accounting is defined as reporting of the financial position and performance of a firm through financial statements issued to external users on a periodic basis. Financial statements, as stated earlier, typically include the balance sheet, profit and loss accounts and the cash flow statements followed by supporting documents. These documents are published by all the listed public limited companies and are required to be audited by external auditors for their accuracy and integrity.

The main characteristics of financial accounting are as follows:

  • The financial statements are meant primarily for external users such as investors, shareholders, analysts etc.
  • The financial statements must be prepared in compliance ...
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Publisher Resources

ISBN: 9789332511255