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The field of accounting that deals with the analysis, reporting and summarization of financial transactions is known as financial accounting. Such financial reports are made available to banks, stockholders, government agencies and business owners to aid decision making. Statement of cash flows, statement of financial position and statement of financial performance are elementary to financial accounting. Accounting information systems enable the storage, collection, and processing of accounting and financial data. It can be used to support accounting functions and activities, such as management accounting and tax, financial accounting and reporting, and auditing. This book is a compilation of chapters that discuss the most vital concepts and emerging trends in the field of financial accounting. The ever growing need of advanced technology in financial accounting is the reason that has fueled the research in the field of accounting information systems in recent times. With state-of-the-art inputs by acclaimed experts of this field, this book targets students and professionals.
Financial management is a discipline that focuses on equities, ratios and debts. It is used for portfolio management, distribution of dividend, hedging and looking after fluctuations in foreign currency, capital raising and product cycles. It is also involved in the research and decisions related to the capital which should be obtained in order to fund the company's assets. It seeks to maximize the value of the firm for all the stakeholders. Financial management specifically deals with a company's financial strategy. It focuses on the ways to raise the capital and to allocate capital through capital budgeting. It also focuses on long and short term budgeting such as current liabilities. This book provides comprehensive insights into the field of financial management. It traces the progress of this field and highlights some of its key concepts and applications. This book aims to serve as a resource guide for students and experts alike and contribute to the growth of the discipline.
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