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THE ULTIMATE GUIDE TO LEARN FINANCIAL ACCOUNTING



This guide helps you learn financial accounting basics. This is for students
learning accounting and for anyone who wants to understand financial statements.


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.

Financial Literacy 101 KEY DEFINITI...


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BUDGET BABY!!
Financial Literacy 101 KEY DEFINITIONS FIREFORTUNA COM


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.

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