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Financial Reporting for Business

Financial Reporting for Business Title: Financial Reporting for Business Description: Accounting reports convey vital information about cash, profits, and financial position to the owner and key stakeholders of a business. This program explores the content and format of the three key accounting reports: the cash-flow statement, the profit and loss statement, and the balance sheet. Interviews … Read more

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The accounting differences between cash and receivables

The accounting differences between cash and receivables 1. What are the accounting differences between cash and receivables from the perspective of a buyer? A seller? How does the accounting basis (cash vs. accrual) an organization chooses change these differences? Student Post Question 2.  The differences between cash and receivables from the perspective of a buyer … Read more

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What differentiates a current liability from a long-term liability

What differentiates a current liability from a long-term liability Main Discussion #1. What differentiates a current liability from a long-term liability? Share at least two examples of each. What are the differences in accounting for these two types of liabilities? Professor #2. Why is unearned revenue a liability and not asset? Student Responses #3. Current … Read more

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Evaluate the importance of the accounting cycle

Evaluate the importance of the accounting cycle Overview: In this short paper, you will evaluate the importance of the accounting cycle by illustrating the products of that cycle and identifying the potential for problems if it is not properly followed. There is only one short paper assignment in this course, and it has a unique … Read more

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