Category: Financial Accounting

What is Financial Accounting?

  I’m not going to give you the definition of financial accounting from Wikipedia. This site, financialaccounting.ca, is all about helping small businesses understand the value of bookkeeping and accounting, and to achieve that we need to try to translate financial lingo into actual words regular human beings might use in conversation. So What is Financial Accounting? Here’s my attempt at a simple definition: Financial Accounting is the process of taking anything in your business

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