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Financial Accounting Aiken SC

Financial accounting is a form of accountancy that deals with the preparation of financial statements for external organizations around Aiken, such as stockholders, suppliers, banks and government agencies. This site will provide in-depth information about financial accounting is and how accounting standards have changed over the years.

1. Local Companies

2. Financial Accounting - Info

3. Meaning of Accounting Equation

4. Balance Sheet

5. Featured Local Company

1 . Local Companies

Benefit Networks
(803) 644-1199
1359 Silver Bluff Rd
Aiken, SC

Brian A Smith Jr
(803) 649-5138
407 Hayne Ave SW
Aiken, SC

Hovey Bruce
(803) 644-1199
1359 Silver Bluff Rd
Aiken, SC

Chuck Foster
(803) 643-0808
264 Eastgate Dr
Aiken, SC

Robert Freitas
(803) 649-5229
128 Kings Grant Dr
Aiken, SC

Northwestern Mutual Financial Network
(803) 644-1199
1359 Silver Bluff Rd
Aiken, SC

Ameriprise Financial
(803) 642-0544
623 Richland Ave
Aiken, SC

Ryan Tripp
(803) 649-5134
772 Silver Bluff Rd
Aiken, SC

Ameriprise Financial
(803) 642-0544
623 Richland Ave
Aiken, SC

Merrill Lynch
(803) 425-7728
917 Broad St
Camden, SC

2 . Financial Accounting - Info

Reporting of the financial position and performance of a firm through financial statements issued to external users on a periodic basis. Financial accountancy (or financial accounting) is the branch of accountancy concerned with the preparation of financial statements for external decision makers, such as stockholders, suppliers, banks and government agencies. The fundamental need for financial accounting is to reduce principal-agent problem by measuring and monitoring agent's performance.

3 . Meaning of Accounting Equation

The value of a company can be understood simply as the useful assets that ownership of a company entitles one to claim. This value is known as Owners' Equity. Some assets of a company, however, cannot be claimed as equity by the owners of a company because other people have legal claim to them - for example if the company has borrowed money from the bank. The value of a resource claimable by a non-owner is called a liability. All of the Assets of a company can be claimed by someone, whether owner or not, so the sum of a company's equity and its liabilities must equal the value of its Assets. Thus the accounting equation describes what portion of a company's assets can by claimed by the owners.

Various account types are classified as 'credit' or 'debit' depending on the role they play in the accounting equation.

Assets = Liabilities + Equity (move assets to the right)

0 = -Assets + Liabilities + Equity

4 . Balance Sheet

A financial accountant must equal assets with liabilities and owner’s equity. The balance sheet (or the statement of financial position) is the financial statement that summarizes the assets, liabilities, and owners’ equity of the company.

5 . Featured Local Company

Jerry Brigham E.A.

706-650-1700
211 Pleasant Home Rd
Augusta, GA

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Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History