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financial accounting

 

Definitions from the Web

Financial Accounting

Definition:

Financial accounting is the branch of accounting that focuses on recording, summarizing, and reporting financial transactions and activities of a business.

Sample Sentences:

  • John studied financial accounting to understand the financial performance of his company.
  • The financial accounting department prepares the financial statements for the shareholders.
  • As an investor, it is crucial to analyze the financial accounting reports before making investment decisions.

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