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What are the objectives of financial accounting?

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تم إضافة السؤال من قبل Adel BENFIALA , Central Administration Inspector , Ministry of Housing, Urban Planning and the City
تاريخ النشر: 2015/04/18
C S Raghunandan Chikkaballapur Rao
من قبل C S Raghunandan Chikkaballapur Rao , Freelancer : , Presently Working for : Brindavan Agencies,Kreations and Sreevamsa sales Organisation.

The objective of Financial Accounting can be classified in to two. They are:

1) Internal Objective : To ascertain on any given period, the financial status of organisation / any segment , as a decision tool for management and internal customers. (Shareholders and employees of the organisation).

 

2) External Objectives : To cater the needs of : Statutory bodies such as Company Law Board, Various Tax Authorities, SEBI , Banks and financial institution both at Central and State Govt and also the customers.

Ayman Esa Mustafa Farrag
من قبل Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

The main goal of financial accounting is to provide information which are consistent with the needs of the beneficiaries of the financial statements , and the most important beneficiaries are the owners of capital and current head of prospective investors and lenders and suppliers , customers , employees, and government agencies and regulatory bodies and others .

Saidul Alam
من قبل Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

Providing information. We can get all kinds of  financial information from Financial Statements of a Company.

Murtaza Sidhpur wala
من قبل Murtaza Sidhpur wala , Accountant and Inventory Manager , Khalid -Al-Dabbus Tailoring Material Co. W.L.L

The primary objective of financial accounting is the preparation of financial statements - including the balance sheet, income statement and cash flow statement.

and providing information to parties outside the organization, i.e investors, creditors, regulators and tax authorities. etc.

Salah Othman Yousef Alshambaati
من قبل Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

I agree with Mr. Ayman Issa answers

مستخدم محذوف‎
من قبل مستخدم محذوف‎

agreed with all ..................................

Mohammed Salim Allana
من قبل Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

Agreed with all champs >>>>>>>>>>>>>>>

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هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟