Financial Accounting
Financial accounting is the process of recording, summarizing, and reporting a company’s financial transactions in accordance with standardized rules like GAAP or IFRS. Its main goal is to provide external stakeholders like investors, regulators, and creditors with an accurate picture of financial performance and position.
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Financial Leverage
The use of borrowed funds to increase the potential return on investment. While leverage can amplify profits, it also magnifies…
Full Disclosure Principle
A key accounting concept that requires all significant information affecting financial statements to be clearly disclosed. This includes pendings lawsuits,…
Forensic Accounting
A specialized field that combines accounting, auditing, and investigative skills to detect fraud, embezzlement, or financial misconduct. Forensic accountants analyse…
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