Unit-IV
Introduction to Financial
Accounting and Analysis
1
,Financial Accounting
Financial Accounting can be define as an art of
recording, classifying and summarizing the
financial transactions in the business.
2
,Advantages of Accounting
• Provide systematic records
• Facilitates the preparation of financial
statements
• Tax matters
• Documentary evidence
3
, Accounting Principles
• Accounting Concepts
• Accounting Conventions
4
Introduction to Financial
Accounting and Analysis
1
,Financial Accounting
Financial Accounting can be define as an art of
recording, classifying and summarizing the
financial transactions in the business.
2
,Advantages of Accounting
• Provide systematic records
• Facilitates the preparation of financial
statements
• Tax matters
• Documentary evidence
3
, Accounting Principles
• Accounting Concepts
• Accounting Conventions
4
