Business is a game of numbers, and expectations. The motive of every company, either big or small is profit earning. Every company has a different department to handle them efficiently and one of them is the financial accounting. Since finance is very close to the heart of every entrepreneur's heart, and they work hard to earn them. Thus keeping the balance sheet error free would go a long way in keeping the business running more efficiently. The concept of corporate financial accounting is used to maintain the corporate financial accounting and reporting of a business. The goal of the advanced financial accounting techniques opted by the business firms is to estimate and then increase the firm's value. It deals with the policies of financial issues that are related to attaining the financial goal of the firm. The managers of the firm take necessary decisions to increase the sales and values of shares, while increasing the value of the firm.
The objectives of the corporate financial accounting is to-