Financial
Accounting
MITHUN
,MEANING
Financial accounting is a particular type of accounting that
includes a method of documenting, summarising, and reporting
the transactions arising from business operations for a period of
time. Such transactions are outlined in the preparation of
accounts, including the balance sheet, income statement,
and cash flow statement, which document the financial results of
the company over a particular period of time.
,Meaning of Accounting
Accounting means the system of recording and
summarizing business and financial transactions and
analyzing, verifying, and reporting the results
, Father of Accounting/
Accountancy
“Luca Pacioli”
Luca Pacioli, was a Franciscan friar born in Borgo San
Sepolcro in what is now Northern Italy in 1446 or 1447.
It is believed that he died in the same town on 19
June 1517.
Accounting
MITHUN
,MEANING
Financial accounting is a particular type of accounting that
includes a method of documenting, summarising, and reporting
the transactions arising from business operations for a period of
time. Such transactions are outlined in the preparation of
accounts, including the balance sheet, income statement,
and cash flow statement, which document the financial results of
the company over a particular period of time.
,Meaning of Accounting
Accounting means the system of recording and
summarizing business and financial transactions and
analyzing, verifying, and reporting the results
, Father of Accounting/
Accountancy
“Luca Pacioli”
Luca Pacioli, was a Franciscan friar born in Borgo San
Sepolcro in what is now Northern Italy in 1446 or 1447.
It is believed that he died in the same town on 19
June 1517.
