International Accounting: Analysis and Evaluation of Financial Accounting and Stewardship

International accounting

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Analysis and evaluation of financial accounting and its related aspects that possess a lot of
importance for every business firm that is operating in the market.............................................1
Detailed elaboration of the fundamental issues that is related with the financial part of the
company.......................................................................................................................................3
Detailed and elaborated discussion of stewardship and its relevant aspects and importance......4
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
International accounting is an aspect that involves using specified books so as to evaluate
and analyse all the activities that are performed in the business (Abd El Afou, 2017). In this
report there is a brief discussion of different topics that carriers a lot of importance in the current
market scenario like financial accounting and its related factors, its importance, various standards
that are included in it, etc. Apart from this the report also covers fundamental issues and
objectives of financial reporting and the information that is used in it. Further the report also
covers stewardship and its relevant importance in financial reporting including different factors
that directly as well as indirectly affects its working in the long run context.
MAIN BODY
Analysis and evaluation of financial accounting and its related aspects that possess a lot of
importance for every business firm that is operating in the market
Financial accounting is mainly a process of accounting different activities that are
performed in the business by the way of recording, analysing, summarising, and reporting in an
accurate and precise manner so that it can add value to the firm in the long run. It includes
evaluation of financial part of the company like its income statement, profit and loss account,
and balance sheet (Agasisti, Catalano and Erbacci, 2018).
There are a number of different purposes of formulating financial accounting but the
major one of them is that it helps and allows third party which are mainly the stakeholders of the
company to get a detailed, fair, and true picture of the company's positioning in the market so
that appropriate and necessary decisions can be taken in terms of investing purposes. Apart from
this it also proves helpful for the creditors and tax authorities as it helps in identifying different
aspects like profitability of the organisation so that decisions can be taken in accordance with it
(Tarca, 2012).
The major interest holder of the financial accounting are the external holders of the
company that are the shareholders and stakeholders like lenders, bankers, management, etc. as it
carriers a lot of importance and also helps the above mentioned ones in taking appropriate
decisions regarding investment so that it can fetch higher returns in the near future (Amani and
Fadlalla, 2017).
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