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Financial Accounting Arizona

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

SJ Reynolds CPA PLC
480-483-3024
14269 N 87th ST Suite 107
Scottsdale, AZ

DeGroote CPA
480.657.8880
7949 East Acoma Drive
Scottsdale, AZ

Podraza & Associates, P.C.
602-743-1604
15230 N. 75th Street # 2100
Scottsdale, AZ

Seely, Mullins & Associates, P.C.
(623) 939-7581
7141 N. 51st Ave
Glendale, AZ

Joanne Martone, CPA
(623) 934-1255
7102 N. 55th Avenue
Glendale, AZ

Knafels & Associates, Inc.
(623) 937-1165
7011 N. 57th Avenue
Glendale, AZ

W. Tom Bragg, E.A. Ltd.
(623) 939-3612
5714 W. Palmaire Avenue
Glendale, AZ

Accurate-Leigh-Done
(623) 561-6172
10327 W. Coggins Dr. #2
Sun City, AZ

Professional BS
(602) 363-0898
4400 N. Scottsdale Rd
Scottsdale, AZ

Accurate-Leigh-Done Financial Services, Inc
623561-6172
10327 W. Coggins Dr #2
Sun City, AZ

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

SJ Reynolds CPA PLC

480-483-3024
14269 N 87th ST Suite 107
Scottsdale, AZ

Read more about Financial Accounting

- Understanding business finance Arizona

The reason why many businesses fail is because their owners and managers don't fully understand the big financial picture. With a complete and accurate view of your firm's finances, you can more effectively plan for your business' future.

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Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
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Cars	Food & Beverage	Internet	Technology
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Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History