Financial Accounting Management Free videos , Free Tutorials , Free Course

Financial Accounting is a systematic tracking of company's financial transactions. The transactions are recorded, summarized, and presented in Financial Statement of Accounts which is a technical publication which provides a view of the income and expenditure for the year. Financial accounts are part of the company’s accounting system. Companies often use accounting as a way to keep score. Small businesses often find it important to keep score since accurately tracking financial information is the best way to determine the effectiveness and efficiency of their operations. Financial accounts can also provide historical records for making future business decisions.