Understanding Financial Accounting

by Shawn Jones ; Updated September 27, 2017

Financial accounting is the process of recording financial information for a company through reports on the company's balance sheet, income statement and statement of cash flow. Learn how financial accounting allows businesses to make financial decisions with information from an accounting professor in this free video on accounting.

About the Author

Shawn Jones is an accounting professor at Argosy University in Salt Lake City, Utah. He has been been an accountant for more than five years.