majandusarveldus
Majandusarveldus, also known as financial accounting, is a systematic process of recording, classifying, summarizing, and reporting financial transactions. It provides a comprehensive overview of a company's financial health and performance, enabling stakeholders to make informed decisions. The primary goal of financial accounting is to present financial information that is relevant, reliable, and comparable.
Financial accounting involves the use of generally accepted accounting principles (GAAP) or international financial reporting standards
The main financial statements prepared through financial accounting are the balance sheet, income statement, cash flow
Financial accounting plays a crucial role in various aspects of business operations, including budgeting, forecasting, financial