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Financial Accounting

As opposed to managerial accounting, financial accounting requires strict compliance with generally accepted accounting principles (GAAP). The reports in financial accounting are primarily for external users but can also be for internal use.

Financial accounting focuses on the application of the accounting principles in treating different situations. In

this section, you will find financial accounting lessons and tutorials that will help you build and solidify your skills in the said field.

Introduction to Financial Accounting

What is Financial Accounting; Qualitative Characteristics of Financial Information; Accounting Standards: GAAP, and IFRS; Accounting Principles.

Accounting Elements

Learn about the different accounts under the accounting elements: Assets, Liabilities, Stockholders’ Equity, Revenues, and Expenses.

Income Statement

In this set of lessons, you will find lectures on: Income Statement Accounts, Examples, and Formats.


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This post was created by Adeyinka Adeniji on November 28, 2015.