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Financial Accounting Georgetown SC

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

Edward Jones
(843) 545-5535
1257 N Fraser St Unit G
Georgetown, SC

Bradshaw Investments
(843) 527-7975
333 Meeting St
Georgetown, SC

Edward Jones
(843) 546-6163
936 Front St
Georgetown, SC

Black's Investment Center
(843) 527-2200
123 King St
Georgetown, SC

Ing Financial Partners
(864) 885-1190
135 Eagles Nest Dr
Seneca, SC

Terra Securities Corporation
(864) 703-2622
504 W Cherokee St
Chesnee, SC

Elliott Floyd
(864) 585-4883
210 Chestnut St
Spartanburg, SC

Ccd Investments Llc
(843) 651-2913
1464 S Waccamaw Dr
Murrells Inlet, SC

Fsc Securities
(803) 245-0509
3233 Main Hwy
Bamberg, SC

Edward Jones Invstmnts
(803) 831-5344
Clover, 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

Ross Bookkeeping & Tax Service

803-433-2020
400 Toccoa Drive
Manning, SC

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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