Application Of Financial Accounting Within Companies To Improve Their Profitability

Abstract

Accounting is a discipline that allows you to manage the resources that are available within a company, allowing to obtain information about the operations carried out by the companies this referring to their inputs and outputs to be able to make appropriate decisions around the objectives already established. This discipline develops the same as financial accounting whose purpose is to account for the economic resources of a company, with the aim of knowing its financial situation and thereby making decisions regarding the direction it must take for the fulfillment of its objectives. The present research aims to describe that financial accounting is important for the improvement of the profitability of companies this thanks to the various data provided through the financial analysis performed, this article will be carried out through a descriptive methodology, where through the opinion of other authors as well as the own opinion it was possible to obtain that the application of financial accounting is efficient for the development of companies.