Statement of Cash Flows
The statement of cash flows lists a company’s cash inflows and cash outflows. It classifies the cash flows as operating, investing, or financing activities.
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finance
Accounting Cycle Example: Start to Finish
Adjusting entries are made at the end of a period to update accounts. An adjusting entry affects the income statement and balance sheet accounts. The accounting period Companies prepare financial statements for months, quarters, and years. An annual financial statement is also called an annual report. Companies can select their accounting years or fiscal years.
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Accounting for Long-Term Assets
Long-term assets are resources that have useful lives over one year. Long-term assets include land, buildings, equipment, machinery, and intangible assets.
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Recommended Resources
Here are resources that we recommend. We only recommend resources and tools that we have personally used or that come highly recommended from trusted sources. We believe these are the best resources in most situations, so we hope they are helpful to you. This page contains affiliate links, meaning we get a commission if you
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15 Tips to Increase your Net Worth
Net worth shows the assets remaining after paying all your debts. Here are 15 tips to increase your net worth.
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