It is the practice of reporting a company’s financial position and the results of operations of external parties through financial statements. With the help of standardized guidelines, the transactions are recorded, summarized and presented in the form of financial statements or financial reports. These statements are considered as external information because they are given to people outside the company. Accounting assignment help on financial statements include:

1.   The balance sheet (the statement of financial position)

2.  Income statement (the profit and the loss statement) and

3.  Declarations of cash flows

These are for external users like investors, lenders, suppliers, tax authorities and other stakeholders. Get accounting assignment help; know about our accounting homework help online free through accounting help online chat.

Our financial accounting assignment help primarily follows common rules known as Accounting Standards and as Generally Accepted Accounting Principles (GAAP). In the U.S., the Financial Accounting Standard Board (FASB) is the institution that framed the accounting standards and principles. To master the subject, get quality accounting assignment help or accounting homework help online free.

It is referred to as the accounting method that discusses taxes rather than the appearance of public financial statements. Our accounting assignment help and accounting homework help online free include this area of accounting that controls the preparation of tax returns on both the state level and federal level for individual companies. Get details via accounting help online chat from our accounting assignment help providers.

Tax accountant: Tax accountants are certified public accountants who have chosen the field of tax accounting as their sub-specialty. Our accounting assignment help experts understand the regulations contained in the Internal Revenue Code (the rules and regulations that companies and individual must follow while preparing the tax returns). Tax accountants must have a clear idea about the changes in IRS (Internal Revenue Service) regulations, which usually occur on a yearly basis. For more details about our accounting assignment help online or accounting homework help online free, interact live with writers through accounting help online chat.

Difference between financial accounting and tax accounting: Compared to financial accounting, tax accounting is based on laws enacted through a highly political legislative process. While providing tax accounting assignment help and accounting homework help online free, our writers follow Generally Accepted Accounting Principles (GAAP), but in few ways it differs from accounting standard accounting regulations. For example, let’s say a company prepares its financial statements implementing the first-in-first-out (FIFO) methods to record the inventories for commercial purposes. Our accounting assignment help experts can produce tax reports by using the last-in-first-out (LIFO) approach too. This can help them reduce the current year’s taxes payable. Explore more details through accounting help online chat from our accounting assignment help

Management accounting is defined by our accounting assignment help writers as the process of managing reports and accounts that provide accurate and timely financial and statistical information. The information is used by managers in order to make day-to-day and short-term decisions. Our accounting assignment help and accounting homework help online free involves the following processes.

Planning: Deciding what products to make and where and when to make them.

Performance Evaluation: Keeping track of individual products and product lines.

Operational Control: Knowing the status of the factory floor and the stages of the competition.

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Unlike financial accounting that produces annual financial reports for external stakeholders, management accounting discusses about the internal users like department managers and chief executive personnel. Our accounting assignment help demonstrate the following in reports:

Amount of available cash

Sales revenue generated

Amount of order in hand

Statements of accounts payable and receivable

Outstanding debts

Raw material

Inventory

The reports are used for

Designing and evaluating the business process

Budgeting and forecasting

Implementing and monitoring internal controls, etc.

The primary objective of management accounting is to allocate the cost. Take accounting assignment help and accounting homework help online free from MyAssignmenthelp.com and do accounting help online chat.