Good day! Adventurers!
Keep up! Keep high!
Accounting is one of the most importance branch of knowledge.
Accounting?
Very important.
What?
Accounting is very important.
Very important?
It is.
It is?
It is.
Accounting?
Accounting.
What is it?
The action or process.
What?
Of keeping financial accounts.
It is the action.
Action?
Or process.
Process?
Of keeping financial accounts.
Of what?
Keeping.
Keeping?
Financial accounts.
Financial?
Accounts.
What is accounting?
It is the system.
What?
The system of recording.
Of what?
Of recording.
Of recording?
And summarizing.
And what?
Business and financial transactions.
What?
And analyzing.
What?
Verifying.
What?
And reporting the results.
And what?
Cash flow statement.
Statement?
Something stated.
Stated?
The act or process of stating or presenting orally or on paper.
Statement?
Cash flow statement.
Cash flow?
Cash flow.
Statement?
Statement.
Cash flow statement?
Cash inflows and outflows.
What?
Relating to transactions.
Transactions?
With the company's owners or creditors.
What?
How easily a company will be able to meet its short-term financial obligations.
What?
With liquidity ratios, higher is better.
Ratios?
Current ratio.
Current ratio?
Current assets.
Assets?
Current liabilities.
Liabilities?
A company's current ratio serves to provide an assessment of the company's ability to pay off its current liabilities.
What?
Using its current assets.
Current assets?
A company's quick ratio serves the same purpose as its current ratio.
The same purpose?
It seeks to assess the company's ability to pay off its current liabilities.
Ability?
To pay off.
Pay off?
Its current liabilities.
Current liabilities?
Current assets.
What?
Inventory.
Inventory?
Current liabilities.
What?
A worst-case-scenario assessment.
Assessment?
The action or an instance.
Action?
of making a judgment about something.
Judgment?
How well the company be able to fulfill its current liabilities if sales are slow?
Are slow?
That is, if inventories are not converted to cash.
Cash?
Profitability ratios.
What?
Net income.
Net income?
It is certainly a valuable piece of information.
Net income?
It doesn' tell the whole story.
Story?
In terms of how profitable a company really is.
Profitable?
How efficiently is this company using its assets to generate profits?
Generate profits?
How efficiently.
Profit?
A valuable return.
Return?
The excess of returns over expenditure in a transactio or series of transactions.
Excess?
The excess of the selling price of goods over their cost.
Profits?
How efficiently is this company using its investors' money to generate profits?
Its investors' money?
Shareholders' equity.
Equity?
The money value.
Money value?
**
All right, that's the end of the essay and hope you like it.
Thanks for being here and let's see:
cost
profit
expense
rent
salary
wage
income
sale
inventory
business
the course of the year
margin
calculated
industry
comparing
store
job
effective
leverage
**
Everything has a cost!
Be funny and be friendly!
Not registered?
Create an account