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Financial Accounting Services: Find the Right Accountant for Your Needs in Atlanta, GA
What Is Financial Accounting?
Financial accountants in Atlanta prepare your company's financial statements in order to provide a financial status report to external parties, such as stakeholders, creditors, and customers.
Financial accountants develop financial statements by analyzing the balance sheet, income statement, and cash flow statement to create summarized reports that inform the status of the financial health and performance of a company.
Financial vs Managerial Accounting
While managerial accounting is concerned with analyzing a company's business transactions to assist with strategizing and directing company finances, financial accounting is used to report companies' financial statuses to external parties, such as investors or stakeholders. With no universal reporting regulations for managerial accounting, each company may create a unique reporting process, but financial statements in the United States are subject to the rules of generally accepted accounting principles as established by the Financial Accounting Standards Board.
Principles of Financial Accounting
These regulations ensure that financial accountants prepare statements with consistent procedures that other companies use to enable comparable analysis. They also ensure that statements are prepared without any company bias, that reports are inclusive of necessary decision-making information, and that all representative and relevant information is accurately recorded and assessed.
How a Financial Accountant Can Help You
A financial accountant can help your company to better comprehend its financial performance by:
- Developing top-down financial statement reviews
- Creating budgets and financial forecasts
- Tracking financial operations to guarantee reporting accuracy and compliance
- Providing important decision-making information to non-company members
Find a Financial Accountant in Atlanta
If you're seeking a financial accountant to help you develop accurate and consistent financial statements for investors, stakeholders, and customers, message a provider today.