AccountingLecture on Introduction To Accounting (Part 2) Accounting in accruals for defined as recognition of revenue or expenses before cash is received or paid. However, accrual accounting does not only relate to…
AccountingLecture on Introduction To Accounting (Part 1) Accounting is a process of accumulating, summarizing and communicating financial information. Financial information can be of different types and serve different purposes, but it all…
FinanceFinancial Statements, Taxes and Cash Flows In this chapter, we review the contents and meaning of a firm’s income statement and balance sheet. We also look very carefully at how to…