Financial Accounting Greenville SC

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

Community Tax & Accounting
864-248-6297
120 N Laurens St
Greenville, SC
Diversified Tax Services
864-228-0111
309 S.E. Main Street
Simpsonville, SC
KC BOOKS LLC
864-399-9408
Fairview Lake Way
Simpsonville, SC
KC BOOKS, LLC
864-399-9408
Fairview Lake Way
Simpsonville, SC
Global View
(864) 272-0818
308 W Stone Ave
Greenville, SC
Strother Ed
(864) 284-9981
1440 Pelham Rd
Greenville, SC
Palmetto Trust & Investment Services
(864) 255-7988
306 E North St
Greenville, SC
Sterne Agee & Leach
(864) 233-1644
75 Beattie Pl
Greenville, SC
Hamilton Joseph Investment Consulting of First Union Securities
(864) 288-2849
125 The Pkwy
Greenville, SC
Waldrep Richard A
(864) 232-8884
303 W Stone Ave
Greenville, 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

Community Tax & Accounting

864-248-6297
120 N Laurens St
Greenville, SC

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