Financial accounting involves working with a company's financial records to ensure that they're properly maintained and classified. Good bookkeeping can boost a business firm’s growth and development. Seek captivating knowledge about financial accounting, financial reporting, objectives of financial accounting, duties of a financial accountant and, labor statistics in this presentation.

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2. FINANCIAL ACCOUNTING
Financial accounting involves working with a company's
financial records to ensure that they're properly
maintained and classified.
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3. Using systemized guidelines, the
transactions are recorded, summarized, and
presented in a financial report or financial
statements such as an income statement or
a balance sheet. Good bookkeeping can
boost a business firm’s growth and
development.
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4. FINANCIAL STATEMENTS
They are termed as the written records that convey the business
activities and the financial performance of a company.
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5. There are four types of financial statements: -
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1. Income Statement
2. Cash Flow Statement
3. Balance Sheet
4. Statement of Shareholders’ Equity

6. FINANCIAL REPORTING
It is termed as the disclosure of financial
results and related information to
management and external stakeholders.
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7. It occurs through the use of financial
statements like Revenues and expenses
are accounted for and reported on the
income statement, etc.
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8. ACCOUNTING CERTIFICATIONS
Accounting designation demonstrating an
ability to perform financial accounting within
the United States is the certified public
accountant (CPA) license that allows to
enforcing professional accounting standards
in the industry.
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9. FINANCIAL OBJECTIVE
The goals related to returns that a firm
will strive to accomplish during the period
covered by its financial plan. Financial
objectives are different from other
objectives like retention objectives,
recruitment objectives, etc.
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10. OBJECTIVES OF FINANCIAL ACCOUNTING
1. The recording and controlling of business
transactions.
2. To meet the Law requirements.
3. To maintain accuracy in the records.
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11. 1. To present the final accounts to the business
entity shareholders.
2. To present other financial reports and data via
statements.
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12. FINANCIAL ACCOUNTANT: DUTIES
AND RESPONSIBILITIES
•They Gather and monitor financial data of
a business firm e.g. sales revenues and
liabilities.
•They analyze financial trends in the
market and coordinate with the business
firm to increase their growth.
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13. •They also reconcile billing vouchers and
use software applications to make
financial statements public.
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•They manage the tax department of an enterprise.

14. FINANCIAL ACCOUNTING
•They Conduct internal audits such as wage reviews to ensure efficiency in
an enterprise.
•They prepare the monthly profit and loss, balance sheet reports, cash
flow statements, etc. for an organization.
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The average salary for a Financial
Accountant in the United
Statesis $60,827 per year.
LABOR STATISTICS

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