The Role of Financial Accounting

This video covers the following learning objectives:

• Define financial accounting and its purpose. 

• Differentiate financial accounting from managerial accounting. 

• Identify key users of financial accounting (investors, creditors, regulators, management). 

• Explain how financial accounting supports decision-making in capital allocation, lending, valuation, and corporate strategy. 

• Recognize the role of standards (IFRS, GAAP) in ensuring consistency and comparability.