Financial Accounting Huntington Station NY

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

Gupta Tax & Business Services
516 731 2956
12 Hawk Lane
Levittown, NY
NS Navarro CPA
(516) 876-8226
646 Mason Street
Westbury, NY
YANFER PROFESSIONAL SERVICES,LLC
516-449-9176
P.O. BOX 391
ROCKVILLE CENTRE, NY
J M Ken Holdings Corp
(631) 574-4914
330 S Service Rd
Huntington Station, NY
Investors Capital Corp
(631) 574-4914
330 S Service Rd
Huntington Station, NY
Scottrade
(631) 425-4915
326 Walt Whitman Rd Ste D
Huntington Station, NY
Scottsdale Securities Inc
(631) 851-0500
Huntington Station, NY
Asset Mgmt
(631) 470-8378
33 Walt Whitman Rd Ste 207
Huntington Station, NY
Geneva Capital Corp
(212) 575-1012
445 Park Ave Fl 9
New York, NY
Wachovia Securities
(914) 241-8142
41 S Moger Ave
Mount Kisco, NY

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

Gupta Tax & Business Services

Painless Taxes & Financials

516 731 2956
12 Hawk Lane
Levittown, NY
http://www.guptatax.com

Full service tax & finance professionals for individuals, households and business. Experienced in all matters of accounting and taxation, IRS problem resolution, estates and trusts, business formation, financial planning and investment, real estate and business sales.
For more info, simply email, fax, write or just stop by:
Gupta Tax & Business Services
12 Hawk Ln
Levittown, NY, 11756
info@guptatax.com
www.guptatax.com
Phone: (516)731-2956
Fax: (718)504-4498

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