About Financial Accounting

2009-07-08 12:58 am

I have some questions about Financial Accounting.

1. What is Financial Accounting?

2. Do I need to study Principal Account before?

3. What is the differences between Financial Accounting and
Principal Accounting?

4. If I study Financial Accounting , is it easy to learn? ( Because I did not study any Principal Accounting in the past. )

You can answer those questions in Chinese or in English if you like.

Thank you very much.

更新1:

I need the information in urgent and it is very important for me. Thanks a lot.

回答 (1)

Maverick

2009-07-09 5:11 am

✔ 最佳答案

Financial accounting refers to the advanced version of principles of accounting. In principles of accounting, we deal with the basic elements such as debit and credit entries, trial balance, journal enteries, cash books, sales and purchases books, ledger systems etc. In financial accounting, we further into ration analysis, gross profit ratio, accounting standards etc.

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