Financial Accounting Anderson SC

Financial accounting is a form of accountancy that deals with the preparation of financial statements for external organizations around Anderson, 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

West Small Business Services LLC
864-226-0042
212 E Greenville St.
Anderson, SC
Gregory A Owens, CPA
864-224-0771
2406-G North Main Street
Anderson, SC
Lindley & Lindley LLP
864-224-9230
1907 North Main Street
Anderson, SC
Edward Jones
(864) 224-4764
301 S Main St
Anderson, SC
Edward Jones
(864) 224-5120
3750 N Highway 81
Anderson, SC
Raymond James Financial Services
(864) 261-1102
815 N Main St
Anderson, SC
Edward Jones
(864) 224-2990
1508 N Fant St
Anderson, SC
Buffamoyer David S Jr
(864) 224-7521
1909 N Main St
Anderson, SC
Palmetto Trust & Investment Services
(864) 231-1102
815 N Main St
Anderson, SC
Axa Equitable Llc
(864) 225-2972
118 N Main St
Anderson, SC

2 . Financial Accounting - Info

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

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

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

West Small Business Services LLC

864-226-0042
212 E Greenville St.
Anderson, SC
www.westsmallbusiness.com

Related Local Events
Small Business Tax Workshop
Dates: 11/5/2009 - 11/5/2009
Location: Greenville Technical College - Admissions Office, McAlister Square
Greenville, SC
View Details

Small Business Tax Workshop
Dates: 10/8/2009 - 10/8/2009
Location: Greenville Technical College - Admissions Office, McAlister Square
Greenville, SC
View Details

Small Business Tax Workshop
Dates: 9/10/2009 - 9/10/2009
Location: Greenwood Area Chamber of Commerce
Greenwood, SC
View Details

Small Business Tax Workshop
Dates: 7/29/2009 - 7/29/2009
Location: Greenville Technical College - Admissions Office, McAlister Square
Greenville, SC
View Details

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
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