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Financial Accounting South Carolina

Financial accounting is a form of accountancy that deals with the preparation of financial statements for external organizations around South 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
2. Financial Accounting - Info
3. Meaning of Accounting Equation
4. Balance Sheet
5. Featured Local Company

1. Local Companies

Padgett Business Services
(803) 547-2500
PO Box 1899
Fort Mill, SC
Kee Technologies, Inc.
864-232-6006
605 Waccamaw Ave
Greenville, SC
www.procra.com
864-879-2021
PO Box 1026
Inman, SC
KC BOOKS, LLC
864-399-9408
Fairview Lake Way
Simpsonville, SC
Cola Tax & Solutions
843-458-2739
Columbia
Columbia, SC
Integrated AV
(803)396-0191
2058 Manila Bay Lane
Fort Mill, SC
Charlotte Web Design & Development
(704) 577-8242
Commodore point rd
Lake Wylie, SC
KC BOOKS LLC
864-399-9408
Fairview Lake Way
Simpsonville, SC
West Small Business Services LLC
864-226-0042
212 E Greenville St.
Anderson, SC
Bartlett Actuarial Group
(843) 377-0993
145 King St
Charleston, 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

Kee Technologies, Inc.

864-232-6006
605 Waccamaw Ave
Greenville, SC
http://buyaccountingsoftwarenow.com/

Read more about Financial Accounting

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Accounting is the financial record keeping of individuals and businesses, both public and private. This website will explain some the different types of accounting and explain some roles that accountants fill that you may not have thought about.
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