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Financial accounting is the field of accountancy basically concerned with the preparation of financial statements for the use of decision makers, such as stockholders, banks, suppliers, government agencies, employees, owners and other stakeholders. It is the reporting of the financial performance and position of a company through financial statements issued to external users such as investors, banks etc. on regular intervals.
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Importance or Significance of Financial Accounting:
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Financial Accounting name is meant by joining two very subjects that is finance and accounting. So this subject is not easy to crack. Students generally find difficulties in solving its assignments and require somebody for assignment help.
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The business should also disclose the total assets for each segment and, if they are reported to management, the total liabilities. Any additions to non-current assets throughout the period have to be reported.
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