ADSI MENT-1 | Financial Accounting Rott No +> 24 UBU bIB \CAbiShakyeee Assignment -A | tearing of financial. accounting Financial ACCOUNEINg ig the Process of leh Pinancial Statements that comPared to | Show their Financial Performance and Position to | | investacrg, Creditars , Suppliers ,Cugbomere, eLe LWO Main etorernent® cove Pretecrecl Under tye Financicd ceccounting # income 4 Cxfendiruve * ae Sheek Advontages of | Pinanciol A Accounting * Maintain Business Record * Prevention and. Derection of Praud. K Present true Financial Position*Comfarigon of Result | HK Ucts ag legal Evidence | * Agsits the management PiSadvontage of Hineancial_accounting * Records only financial agrects * Hiskovic in natuve * Provides ingutpicient. infor ination * Nd COE Convo rethod. * Moybe tmanitulared * Records actual Cost | ae : | Objectives f Pinangial ccc ounti ng | * Main taining Systematic Records x ASCER airing Profit or Lose j* AS Certoiring Mnancial Position x Acsisving tye management * Provide ACCOUNLINg information