Business & Finance
Business Accounting and Bookkeeping
Accounts Payable
Financial Statements

What is financial accounting?



User Avatar
Wiki User

Keeping track of your finances and accounting for them. Finances are money and bills and anything having to do with money and accounting is counting and marking down where/ and how much money is coming in and where and how much money is going out.

Financial accounting is the process of recording and measuring the economic performance of how money is treated.