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Accounting is like a big tree itamp;#39;s been around for ages and it has lots of branches Thereamp;#39;s financial accounting managerial, tax, audit and bookkeeping But generally I think when people say accounting they usually mean financial accounting So what is financial accounting? Itamp;#39;s the process of identifying, recording, summarizing and analyzing an entityamp;#39;s financial transactions and reporting them in financial statements Hey Iamp;#39;m James and if this definition doesnamp;#39;t mean much to you itamp;#39;s all good stick around me for the next ten minutes or so and youamp;#39;ll see exactly how financial accounting works Weamp;#39;ve got lots cover but I do recommend watching this right through to the end at least once so that you can get an idea of the big picture Letamp;#39;s do this! Imagine that you own Ruff Times a tabloid newspaper covering all the latest gossip on our furry friends During March you run a promotional offer for annual subscriptio
