Financial accounting is one of the most important courses included in accounting module. It includes concepts like the double entry accounting concept, which can be quite confusing to learn initially. Accounting majorly revolves around two important words, debit and credit. Every transaction generates a debit in certain accounts, and also credit in some other accounts. In order to further understand financial accounting, one also needs to understand the accounting equation

Nearly every business and commercial establishment across the world employs one or more business bookkeeping professionals. Business owners typically focus on boosting sales and curbing their expenses. This is how they ensure that their balance sheets remain in the green. However, they also need to deal with other activities too. For instance, they need to ensure that they get their raw materials on time. They need to ensure that their production capacity is at an optimal lev