Financial accounting is the practice of accounting for all money that enters and exits an organization. It includes recording, classifying, summarizing, and analyzing all financial transactions. There are two method of Financial Accounting Cash accounting, Accrual Accounting. There are advantage of Financial Accounting External communication, Internal communication, Comparison of Financial Statement, Recording transactions, filling taxes and abiding by by-laws, Creating budgets and forecasts etc. if you have any question related Financial Accounting call us on 9310165114