Financial Accounting

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Financial Accounting is about Financial Reporting.

There 2 mainstream: International Financial Reporting Standards (IFRS) - Used in most countries Generally Accepted Accounting Principles (GAAP) - Used in USA, Canada, India, UK( before 2005)

Many countries use the International Financial Reporting Standards (IFRS), which is established and maintained by the International Accounting Standards Board.

IFRS

GAAP