25 Best Charlie Munger Quotes
Charlie Munger was an American investor, businessman, and philanthropist. He was best known for his role as the Vice Chairman of Berkshire Hathaway, and the business partner of Warren Buffett.
Jeff Mankin
Jeff Mankin teaches financial literacy and Excel. He is the founder of Finally Learn.
Accounting for Receivables
Receivables are amounts due from another party. Accounts receivable occur when products and services are sold on credit Bad debts are uncollected accounts.
Cash and Internal Control
Cash is a requirement for every business. Cash buys assets and services and pays liabilities. Effective cash management improves the company’s financial health.
Time Value of Money
The time value of money shows that money today is worth more than money in the future. This article shows future value and present value calculations.
Inventory and Cost of Goods Sold
A merchandising company buys and sells inventory. When sold, inventory costs become the cost of goods sold (COGS), which is usually a company’s largest cost.
Accounting for Merchandising Activities
A merchandising company sells merchandise inventory to customers. Accounting for companies that sell inventory is more complex than for service companies.