Meaning of the word "financial accounting" in English

What does "financial accounting" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

financial accounting

US /faɪˈnæn.ʃəl əˈkaʊn.tɪŋ/
UK /faɪˈnæn.ʃəl əˈkaʊn.tɪŋ/
"financial accounting" picture

Noun

1.

the process of recording, summarizing, and reporting the transactions resulting from business operations over a period of time

Example:
She specialized in financial accounting during her studies.
Understanding financial accounting is crucial for investors.
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