Financial Accounting [An Insight]
The subdomain of accounting that allows accountants to keep a track of all the financial transactions of a company, is termed as Financial Accounting. Basically, it is concerned with summarizing, analyzing and reporting all the business-related transactions. The statement of these transactions interest banks, government agencies, suppliers and both local and international stakeholders, as they use these records for decision-making. Students pursuing accounting are asked to submit various academic projects during their time in university, wherein a financial accounting assignment helps students to understand the importance of reliability, relevance, materiality and comparability of the finance.
The main objective of Financial Accounting is to provide useful financial information to the existing as well as potential lenders, investors and creditors to provide required resources for the reporting entity. Since the last decade, Sample Assignment has catered to scads of economics students who have been seeking our assistance with their university reports, case-studies, dissertations, thesis and other assignments. After hundreds of online consultation sessions with students from around the globe, our financial accounting assignment experts have noticed that students are unable to submit their assignments, because they are either short of time because of personal or financial obligations, or they simply lack in-depth knowledge of the subject. In any of the cases, it is advisable to take assistance from experts instead of risking those important assignment grades.
Before jumping on to how you can get financial accounting assignment help from the best-in-industry accounting experts, let us review some of the basic components of this branch of economics:
Cash Flow Statement
Basically, a cash flow statement is limited to the use of actual cash. This can be used to calculate the closing balance. The general template for a cash flow statement is:
Closing Balance = Opening Balance + Cash Inflow – Cash Outflow
It is defined as the overall profit or loss statement report by taking in account all the sales revenue, depreciation, SGA expenses, cost of goods sold, and interest and tax expenses. The net income thus defines whether the statement of operations shows a positive or negative result.
The assets, liabilities and capital of a firm at the end of a fiscal year are shown in a financial statement. In this statement, the total combination of equity and liabilities must always equal the total assets. There are two types of assets, namely, current assets including cash, prepaid expenses, marketable securities, and due revenues. On the other hand, non-current assets include intangible and fixed assets such as building, property, equipment, patents, trademarks, goodwill and copyright. Similarly, current liabilities consist of employee payable salaries, interest, trade accounts and interest. And, long-term liabilities include payable bonds and mortgage notes.
Statement of Equity Changes
The statement of retained earnings shows how shareholders’ wealth is affected by dividends transfer and income distribution. The Performa for this statement can be given as:
Retained earnings at the end of the period= Retained earnings at the beginning + Net Income – Dividends
Easy, right? These components of financial statements may sound familiar; however, students still feel bogged down when they are asked to use them in basic concepts of financial accounting such as:
- Stable Measuring Assumption
- Units of constant purchasing power
- Objectives of Financial Accounting:
- Systematic transaction recording
- Ascertainment of the above result
- Ascertainment of financial position
- Providing rational decision-making information
- Knowing solvency position
Why do students need Financial Accounting Assignment Help?
Apart from the usual academic problems, students also need to dedicate their time in extra-curricular activities as well as in part-time jobs. This leaves them with significantly less time to conduct the required amount of research for their assignment(s) and submit them within the deadline. Not being able to complete the allocated work with quality content and within the stipulated time, results in low grades.
In the recent years, we have had many cases in which students who are good in academics also look up to us to avail financial accounting assignment help. We are obliged to do justice to their work, and by that we mean impeccable assignment write-ups.
How can you take Financial Accounting Assignment Help?
Once you reach www.sampleassignment.com, to order your financial accounting assignment right away, you just need to follow 3 simple procedures. Firstly, submit your assignment requirements and get a quote as per the defined pricing structure by our highly optimised and automated system. Secondly, you need to make the payment. We provide online payment on 100% secure network, where you can use debit card or credit card to complete the payment procedure. Last but not the least, get a flawless financial accounting assignment written by our proficient subject-matter experts.
Get the Best Financial Accounting Assignment Help Service
We also provide assignment writing help and academic assistance in financial & managerial accounting subjects. As the name suggests, Sample Assignment provides hundreds of subject-specific samples for every subdomain of every subject including the one that you are looking here for, i.e. financial accounting.
The financial accounting assignment writing experts at Sample Assignment are hand-picked on the basis of their overall academic performance as well as their industrial experience in the field. Once the assignment is written by the experts, it undergoes multiple revisions by other experts who check the content and look for any technical or non-technical error(s) in the content. Further, the Quality Assurance team is responsible to convert the draft into a flawless piece of assignment that would get you the grades you were aspiring for.
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