Financial Accounting Information as an aid to Management Decision Making

Financial Accounting Information as an aid to Management Decision Making

Financial Accounting: Financial accounting is concerned with the recording of transactions for a business enterprise or other economic units and the periodic preparation of various reports from such records. Financial accounting then can be said to be a systematic gathering, identifying, summarizing and reporting of business transactions in monetary terms such that it provides information which permits informed judgment by the users of such information. [Read more…]