PRINCIPLES OF FINANCIAL ACCOUNTING

Financial Accounting provides solutions to the need to have ready information to take appropriate financial decisions in business and non-business organizations. It speaks to the process of collecting, recording, presenting, and analyzing/interpreting financial information to permit informed judgment by users of the information. It reports, in aggregate financial terms and during a given period, the overall results of the operations of the organization, highlighting especially, the financial strengths and weaknesses. A good manager should be equipped with the knowledge and tools required to present and analyze financial reports. The course contents in this book include introducing financial accounting - meaning, purpose/focus, comparison between financial accounting and management accounting; financial statements and analysis; accounts of sole proprietorships; companies, partnerships, and non-profit organizations; manufacturing and control accounts; and funds flow statement.

Autorentext

Rene is self-motivated and highly organized finance expert with extensive experience in accounting, finance, and operations management. His professional background is marked by a successful track record in both national and multinational organizations, with a particular focus on INGO financial management. He has a Bsc & an MBA in Fin & accounting.