Financial accounting is important because it provides an organization's stakeholders with business statements, allowing them to know if the organization is making or losing money. This information is essential in determi... More »

Accounting allows businesses to calculate their profit and perform analyses. Accounting is important for determining if a company's earnings reports are accurate, making it important for stockholders and regulators. More »

In business, accountants review financial records to ensure their accuracy and prepare documentation in case the organization is audited. The accounting team also prepares taxes and ensures that they are filed on time. More »

Common-size financial statements allow analysts to compare different companies with different levels of business against a common standard. The purpose of common-size financial statements is to remove those financial dif... More » Business & Finance Financial Calculations

My Accounting Course and Accounting Tools offer sample templates of bookkeeping ledgers, which summarize a business's accounting transactions, according to the company websites. These templates generate information from ... More » Business & Finance Financial Calculations

Investopedia explains that a financial analyst gathers data and analyzes the financial foundation of a business or industry. The daily tasks of a financial analyst depend on his level of experience. Most junior analysts ... More » Business & Finance Financial Calculations

Business Dictionary lists financial resources as funds that are available to a business for spending. These funds may come in the form of money, liquid securities or credit lines. More »