If you are running a small business in any field and want to maintain your commercial accounts in a better way, then you should have to understand the financial accounting. It is also known as the financial accountancy which is a field of account involved in the analysis and reporting of the financial transactions regarding to your business. It also involves a preparation of the various financial statements available or the public consumptions. Many ones are interested in getting those details for the purpose of decision making and they include employees, stock holders, banks, suppliers, business owners, government agencies and some other stakeholders.
Lloyd Blankfein, me, the owner of cnntopnews, have a business management degree. Have 3 years of articles write.