Finance Accounting Case Studies Homework Help
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Let’s know about finance accounting in detail.
About finance accounting
Finance accounting can be defined as a balances, figures and accounts that a business must produce to represent how the business is functioning on monetary grounds. Accounts are kept simple in case of small business or sole trader. But it demands for accuracy. The time business become limited firm, there is a requirement of legal procedure to produce certain figures which generally involves:
• Balance sheet that shows what business owns and owes at certain period of time.
• Profit and loss account which shows profit and losses of a business in specific period of time.
• Cash flow statement showing how much cash credited and how much is spent for the past year.
Finance accounting case studies homework guides the student about every minute detail of finance accounting which helps the students to understand about finance and accounting and get excellent marks in an exam.
Tasks of finance accounting
Finance accounting is basically related to the past performances of the business. They give clear view of all financial information to the managers. The main tasks of finance accounting are:
• Keeping appropriate records like ledgers, books and accounts
• Keep updates of invoices and bills paid
• Checking and monitoring spending and balances.
Finance accounting case studies homework gives you clear picture of all the main tasks of finance accounting which in turn is helpful for the learners to understand the topic perfectly.
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