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This explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology. Once you become familiar with some of these …
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WEEK #4 and #5 Part II Financial Accounting. Feb 13, 20 Financial accounting basics and income statement Chapter 3. Introduction to financial accounting. The standard setting process. The income statement. Net income versus cash flow. The Balance sheet and statement of cash flows Chapter 4. Balance sheet. Accounting …
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Example: Textbook in Accounting. Tacit Knowledge: is knowledge gained through experience, practice and insight. Example: To parallel park our car. What are Data, Information and Knowledge M 19 …
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For accounting periods beginning on or after 6 April 2008 small companies and small groups need to satisfy the following conditions for two out of the last three years: 1. A small company must meet at least two of the following conditions: (a) annual turnover must be not more than £6.5m; (b) the balance sheet …
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Accounting basics cheat sheet