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Financial Accounting Tempe AZ

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

Small Business Bookkeeping & Payroll
602-464-3956
Call for Appointment
Tempe, AZ

Accounting & Finance Professionals, Inc.
602-306-4473
1295 W. Washington Street, #103
Tempe, AZ

Professional BS
(602) 363-0898
4400 N. Scottsdale Rd
Scottsdale, AZ

Arizona Business Management
480-949-4579
6914 E. Earll Drive
Scottsdale, AZ

T-Tree Accounting LLC
877-57-T-TREE
2942 N 24th St, Ste 114-355
Phoenix, AZ

Leonard F. Baker, CPA, PC
(602) 277-4008
77 E. Weldon Avenue 110
Glendale, AZ

Clifton Gunderson LLP
(602) 266-2248
3003 N. Central Ave. #500
Phoenix, AZ

Payless Accounting and Tax Service
480-518-0603
P O Box 7794
Mesa, AZ

Tecnologia Latina LLC
(602) 841-0976
6741 N. Black Canyon Hwy
Phoenix, AZ

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

Small Business Bookkeeping & Payroll

There are many challenges in operating a business, but you don’t have to sacrifice quality for cost.

602-464-3956
Call for Appointment
Tempe, AZ
www.CheapBookkeeping.net

a message from your accountant...
Dear Small Business Owners:
I share your passion for the success of your business. It is my privilege to be able to share my knowledge and skills in the timely maintenance of your finances.

I understand that as a small business owner, you must have accurate information to guide your decision making. I believe that easy-to-use accounting software is an essential tool, but not a replacement for, care and attention to detail. Each item entered should be classified precisely according to the nature of the transaction.

There are many challenges in operating a business, but you don’t have to sacrifice quality for cost. This is why my service is customized to fit your needs. I am committed to meeting and exceeding your expectations.

Thank you and God bless you and your family.

Sincerely,
Mary Rafa
Accountant and Small Business Owner

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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