You’ve attempted to read and understand your company’s cash statement and it doesn’t quite make sense. You’re not alone, many business owners and professionals lack a clear understanding of their company’s cash statement and generally how to analyze cash flow at their firm. Here’s how you can analyze your cash statement to help improve cash flow at your company.
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If you’re like most non-financially-minded individuals, learning about finance and accounting is probably the last thing you plan to willingly do. But unless you and your team are content to remain in lower-level positions, you […]
Read MoreThink of the financial statements as scorecards that collect the performance data of your company and report it to the owners (shareholders), managers and the government. There are three of them—the Balance Sheet, Income Statement […]
Read MoreThe need for accrual accounting arose because business has changed in the modern world. Go back several hundred years and we find that business transactions were conducted by barter or cash. In other words, each […]
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