What is Financial Accounting? (Financial Accounting Tutorial #1)

75% OFF the full Crash Course on Udemy: http://bit.ly/2oZIdcP

This presentation introduces students to the idea of financial accounting. We cover what financial accounting is and why financial accounting is important. We use a modern day example of the company Apple in this tutorial to get across the concept.

0:00 - Introduction
0:40 - Financial Accounting Example
3:05 - The Goal of Financial Accounting: Recording/Reporting
5:49 - The Goal of Financial Accounting: Summarizing
6:54 - The Goal of Financial Accounting: Communicating

Hopefully what you take away from this video is that financial accounting involves recording transactions and summarizing them into financial statements (what FA is) and that we have financial accounting to offer users information to make decisions with (the WHY!).

** Notepirate is privately owned and exclusive to Notepirate.com**

Website: http://www.notepirate.com
Follow us on Facebook: https://www.facebook.com/pages..../Note-Pirate/5149331
Follow us on Twitter: http://twitter.com/notepirate