Principles of Corporate Finance Notes

1.2 Financial accounting Accounting is a process of identifying, measuring and communicating economic information to allow informed decisions by the users of that information. Accounting systems are often described as either financial accounting systems (where periodic financial statements are provided to external decision-makers (such as investors, creditors and customers)) or management accounting systems (including information for planning and performance reports to managers throughout t...

1.2 Financial accounting Accounting is a process of identifying, measuring and communicating economic information to allow informed decisions by the users of that information. Accounting systems are often described as either financial accounting systems (where periodic financial statements are provided to external decision-makers (such as investors, creditors and customers)) or management accounting systems (including information for planning and performance reports to managers throughout t...