Welcome to free Crash course in Paper - 5 Financial Accounting.

Financial accounting is the branch of accounting that keeps track of a company’s financial transactions resulting from business operations. These are presented in the form of financial reports or statements such as Profit & Loss Account, Trail Balance or Balance Sheets. These reports are used to inform outside stakeholders such as investors, creditors and tax authorities to understand the company’s business performance.

If you want to become a cost management accountant, you need to achieve expertise in the domain of financial accounting. Special emphasis is given to accounting in the computerised environment.