1. Inflation Accounting 2. Inflation: Definitions Decrease in purchasing power of money due to an increase in the general price level “ A process of steadily rising prices…
1. Decrease in purchasing power of money due to an increase in the general price level “A process of steadily rising prices resulting in diminishing purchasing…
Accounts Payable - Also called A/P or Creditors. Accounts payable are the bills your business owes to suppliers. See the Bills to Pay screen in Cashbook Complete. Accounts…
1. Finance and Accounts 1 2. Finance and Accounts 3. Key Terms 4. Costs Fixed (Indirect/Overheads)– are not influencedby the amount produced but can change in the long…
1. Chapter 3 Understanding Financial Statements and Cash Flows Foundations of Finance Arthur J. Keown John D. Martin J. William Petty David F. Scott, Jr. 2. Chapter Objectives…
1. Firm’s financial information A firm’s financial information refers to results of business operation within a specific time period, state in monotery terms and…
1. Understanding Financial Statements and Cash Flows Chapter 3 2. Chapter Objectives Compute a company’s profits as reflected by an income statement. Determine a firm’s…
Slide 1Financial Planning 1 Introduction and Budgeting Slide 2 Learning Objectives Understand the importance of linking planning and budgeting Understand the importance of…