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Accounting
Title: Accounting
Category: Literature / English
Details: Words: 688 | Pages: 2.9 (approximately 235 words/page)
Accounting
Chapter 17
Accounting: process of systematically collecting, analyzing, and reporting financial information.
Private accountant: employed by a organization
Private Accountants provide the following services:
General accounting: recording business transactions and preparing financial statements
Budgeting: Develop budgets for sales and operating expenses.
Cost Accounting: Determining the cost of producing specific products or services.
Tax Accounting: Planning tax strategy and preparing tax returns for the firm.
Public Accountant: an accountant whose services may be hired on a fee …showed first 75 words of 688 total…
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…showed last 75 words of 688 total…a firms financial statements
Net profit margin = Net income after taxes
Net sales
Return on equity = net income after taxes
Owners’ equity
Earnings per share = Net income after taxes
Common-stock shares
Outstanding
Working Capital: difference between current assets and current liabilities.
Current Ratio = current assets
current liabilities
acid-test ratio = current assets – inventory
current liabilities
accounts receivable turnover = net sales
A/R
Debts-to-assets ratio = total liabilities
Total assets
Debt-to-equity ratio = total liabilities
owners’ equity
Bibliography
heros
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