Financial Accounting North Carolina

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

RSM McGladrey, Inc.
(704) 367-6251
4725 Piedmont Row Drive
Charlotte, NC
Accounting Principals
(704) 552-5454
6000 Fairview Road
Charlotte, NC
L. Frazier Accounting
(704) 553-9996
1510 Burnley Road
Charlotte, NC
Padgett Business Services
(704) 248-6283
6000 Fairview Rd
Charlotte, NC
Wagner Noble & Co.
(704) 552-0553
5970 Fairview Road Suite 402
Charlotte, NC
Cahan Josh A CPA
(704) 442-8789
6715-A Fairview Rd
Charlotte, NC
JRD Financial Services
704-277-5681
6200 Candlewood Dr
Charlotte, NC
Integrity Bookkeeping Services
(704) 473-8991
P.O. Box 487
Lawndale, NC
Collins, Boike & Moore, P.A., CPA
704-289-6317
1335 W. Roosevelt Blvd.
Monroe, NC
J. WILLIAM MASSENGILL, CPA
919 584 3828
P O BOX 1139
GOLDSBORO, NC

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

RSM McGladrey, Inc.

(704) 367-6251
4725 Piedmont Row Drive
Charlotte, NC

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Related Local Events
Class: December Commercial Audition Technique Training
Dates: 12/26/2009 - 12/26/2009
Location: Talent Link
Charlotte, NC
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November Commercial Audition Technique Training
Dates: 11/28/2009 - 11/28/2009
Location: Talent Link
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Class: October Commercial Audition Technique Training
Dates: 10/24/2009 - 10/24/2009
Location: Talent Link
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Class: September Commercial Audition Technique Training
Dates: 9/26/2009 - 9/26/2009
Location: Talent Link
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Class: August Commercial Audition Technique Training
Dates: 8/22/2009 - 8/22/2009
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