1. What is
financial
accounting?
Accounting AQA Year 12
, What is an accountant and what is their role?
+ An accountant is someone who keep financial records of
the business transactions and produces the financial
statements.
+ They ensure there is a true and fair view of the business
and that the well being of the business is maintained
+ They need to always consider the accounting concepts a
conventions/regulations
+ It’s a legal requirement to have these records for all
business so there is no errors/fraud going on as well as
keeping up to date on the finance of the business
financial
accounting?
Accounting AQA Year 12
, What is an accountant and what is their role?
+ An accountant is someone who keep financial records of
the business transactions and produces the financial
statements.
+ They ensure there is a true and fair view of the business
and that the well being of the business is maintained
+ They need to always consider the accounting concepts a
conventions/regulations
+ It’s a legal requirement to have these records for all
business so there is no errors/fraud going on as well as
keeping up to date on the finance of the business
