What does financial accounting focus on? What is the definition of financial accounting

Financial accounting, also known as external accounting, focuses on accounting.

and the preparation of statements, there are special methods and formats, to regularly submit accounting statements and other information; Financial accounting focuses on providing financial information about the entire enterprise to unspecified external users.

Financial accounting refers to the comprehensive and systematic accounting and supervision of the capital movement that has been completed by the enterprise, so as to provide the financial status and profitability of the enterprise to external investors, creditors and relevant departments who have economic interests in the enterprise.

and other economic information as the main objective of economic management activities. Financial accounting is an important basic work of modern enterprises, through a series of accounting procedures, to provide useful information for decision-making, and actively participate in management decisions, improve the economic efficiency of enterprises, and serve the market economy.

Healthy and orderly development.

Accounting is as important as financial management. However, financial management is based on the basis and premise of accounting, if even the accounting is not accurate, or it is not in place, then financial management can only be empty talk.

Financial accounting and management accounting are opposites.

Financial accounting provides information to external parties (including enterprises. Shareholder. Employee. debtor, etc.).

Management accounting is aimed at the internal management accounting of enterprises and provides information for business decision-making.

Accounting elements that focus on reflecting the financial health of a business are assets, liabilities, and owners' equity.

Further information is as follows:

The three accounting elements that reflect the financial health of a business are assets, liabilities, and owners' equity, which make up the balance sheet elements. Financial status refers to the ** and distribution of the company's operating funds at a certain time. It is reflected in the balance sheet and its schedules.

Assets refer to economic resources that are owned or controlled by an enterprise as a result of past transactions or events that can bring future economic benefits. Liabilities refer to the existing obligations of the enterprise arising from past transactions or events, which require the enterprise to transfer assets or provide services in the future to pay off, thereby causing an outflow of future economic benefits.

Owner's equity refers to the ownership of the net assets of the enterprise by the enterprise investors, including the capital invested by the enterprise investors in the enterprise, as well as the capital reserve, surplus reserve and undistributed profits of the enterprise. The six elements mainly reflect the relationship between finance: equity = assets + liabilities; Revenue - Expenses = Profit.

Assets are classified into current assets, long-term investments, fixed assets, intangible assets, deferred assets, and other assets according to their liquidity (i.e., their ability to liquidate and pay). Such as: cash, bank deposits, accounts receivable, inventory, fixed assets, intangible assets, etc.

Liabilities are generally divided into current liabilities and long-term liabilities according to the speed of repayment or the length of time for repayment. Such as short-term borrowings, accounts payable, employee compensation payable, etc. According to its composition, owners' equity can be divided into three categories: invested capital, capital reserve and retained earnings.

Such as: paid-in capital, capital reserve, undistributed profits, etc.

Expenses (costs) refer to the expenses and costs incurred in the enterprise, such as: production costs, management expenses, sales expenses, etc. Refers to the income received by the enterprise. Such as main business income, other business income, non-operating income and so on!

Accounting elements are the basic classification of accounting objects, the concretization of accounting objects, and the basic units used to reflect the financial status and operating results of accounting entities.

Accounting elements refer to the basic classification of accounting objects according to the economic characteristics of transactions or events, and also refer to the basic classification of accounting objects according to their economic nature, which are the specific objects and contents of accounting and supervision, the main factors that constitute the specific content of accounting objects, and the basic elements that constitute accounting statements.

Financial accounting refers to the economic management activities carried out with the main goal of providing economic information such as the financial status and profitability of the enterprise to external investors, creditors and relevant departments who have economic interests in the enterprise through comprehensive and systematic accounting and supervision of the capital movement that has been completed by the enterprise.

Financial accounting is an important basic work of modern enterprises, through a series of accounting procedures, to provide useful information for decision-making, and actively participate in management decisions, to improve the economic efficiency of enterprises, to serve the healthy and orderly development of the market economy.

In addition to the types of statements stipulated in the accounting system, various industries and enterprises may also set up other reports according to the needs of different national administrative agencies and enterprises, such as management expense statements, main product cost statements, current assets statements, VAT payable schedules, wage calculation tables, manufacturing cost statements, etc.

Financial accounting focuses on the accounting information that reflects ().

a.It has happened or has been completed.

b.It's going to happen.

c.Concurrent combustions are expected.

d.It's happening.

Correct Answer: a

What are the features of Finance & Accounting? How to learn "Finance and Accounting" for tax accountants for beginners? There are less than 6 months left before the 2022 tax accountant exam, and zero-based candidates should hurry up to review, so for the study of "Finance and Accounting", everyone must first understand its characteristics and then carry out targeted learning.

What are the features of Finance & Accounting?

The knowledge of financial accounting accounts for about 80%, and the remaining 20% is the basic content of financial management knowledge.

Finance and Accounting" accounts for more than half of the tax accountants, and there are many words and calculations.

How to learn "Finance and Accounting" for tax accountants for beginners?

The main learning method of mind map + real questions is adopted. Memorizing knowledge by doing questions can not only save the time of endorsement, but also improve the speed of doing questions; At the same time, take the mind map with you every day, use your spare time to memorize, you can open it at any time, saving the time of flipping the book, so that the learning efficiency is still relatively high, and you can remember a lot of knowledge points.