Concepts And Principles Of Financial And Managerial Accounting

A C CT 5 03. A cco untin g fo r M anagers C once pts a nd p rin cip le s o f fin ancia l a nd m anageria la cco untin gF in ancia l a cco untin g is th e p ro ce ss o f p re p arin g fin ancia l s ta te m en ts th at c o m pa nie s' u se tos h ow th eir fin ancia l p erfo rm ance a nd p osit io n to p eople o uts id e th e c o m pa ny, s u ch a s in ve sto rsa nd c re dit o rs . T he fin ancia l s ta te m ents in clu de th e b ala nce s h eet, in co m e s ta te m ent, s ta te m ento f c a sh flo w s, a nd s ta te m ent o f s h are hold er e quit y .T he m ain p rin cip le s o f fin ancia l a cco untin