Accounting & Finance McGraw Hill Books Form

Instructions and help about Accounting & Finance McGraw Hill Books

Accounting is like a big tree it's been around for ages and it has lots of branches There's financial accounting managerial, tax, audit and bookkeeping But generally I think when people say accounting they usually mean financial accounting So what is financial accounting? It's the process of identifying, recording, summarizing and analyzing an entity's financial transactions and reporting them in financial statements Hey I'm James and if this definition doesn't mean much to you it's all good stick around me for the next ten minutes or so and you'll see exactly how financial accounting works We've got lots cover but I do recommend watching this right through to the end at least once so that you can get an idea of the big picture Let's do this! Imagine that you own Ruff Times a tabloid newspaper covering all the latest gossip on our furry friends During March you run a promotional offer for annual subscriptions that begin on April 1st People can't get enough of your stories and you end