1.4 : 财务会计简介

Financial accounting is the foundation for effective financial management, providing organizations with a systematic way to track, analyze, and report their financial activities.

The main goal of financial accounting is to record money-related activities.

It is a detailed record of where the money comes from and where it goes.

Key components of financial accounting involve the preparation of financial statements such as the income statement, balance sheet, and cash flow statement, which showcase the financial performance of the company.

These financial statements help stakeholders, such as investors, creditors, and regulators like the Securities and Exchange Commission, assess the company's financial activities, performance, and stability.

For instance, consider "Bloom Berry," a retail store specializing in gourmet foods and organic produce.

Financial accounting for Bloom Berry would involve recording sales revenue, expenses such as rent and salaries, inventory purchases, and other financial transactions related to the business operations of the store.

These transactions would then be summarized into financial statements at the end of each accounting year, allowing stakeholders to assess the profitability and overall financial performance of the Bloom Berry store.