Excuse for that I interfere ? here recently. But this theme is very close to me. I can help with the answer. Write in PM.
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The basic accounting equation is assets = liabilities + stockholders' equity. This is the balance sheet. The foundation for the balance sheet begins with the income statement, which is revenues - expenses = net income or net loss. This is followed by the retained earnings statement, which is beginning retained earnings + net income - dividends = ending retained earnings or beginning retained earnings - net loss - dividends = ending retained earnings. The current ratio is current assets divided by current liabilities. The debt to total assets ratio is total assets divided by total liabilities.
In the IETF RFCs the act of accounting is usually defined as the act of collecting information on resource usage for the purpose of trend analysis, auditing, billing, or cost allocation.
For example when a user uses a connectivity service paid with a pay-per-use approach the accounting process is based on a metering of the resource usage by the user (usually time spent with an active connection or the amount of data tranferred using that connection). The accounting is hence the recording of this connectivity service consumption for subsequent charging of the service itself.
Today, accounting is called "the language of business" because it is the vehicle for reporting financial information about a business entity to many different groups of people. Accounting that concentrates on reporting to people inside the business entity is called management accounting and is used to provide information to employees, managers, owner-managers and auditors. Management accounting is concerned primarily with providing a basis for making management or operating decisions. Accounting that provides information to people outside the business entity is called financial accounting and provides information to present and potential shareholders, creditors such as banks or vendors, financial analysts, economists, and government agencies. Because these users have different needs, the presentation of financial accounts is very structured and subject to many more rules than management accounting. The body of rules that governs financial accounting in a given jurisdiction is called Generally Accepted Accounting Principles, or GAAP.
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hi thanks for the good info, i have a question and i hope you can help me i`m from venezuela and i wolud like to know how i can win a scollarship or to who i can send my video and info if you help me i would be verye thank full.
Hey Rob,
I got to meet you quickly at Snow School yesterday for a coaching clinic.I was really impressed by the whole thing.I played baseball/softball most of my life and was never taught any of this.Paul Radziewicz told me how informative it would be and it was.I appreciate it and will probably see you again soon at another one.
hola soy gabriela corraro de argentina y me puse a buscar por internet si hay mas corraro de los que conozco y me encontre con vos o en su defecto con usted yo quiero saber que tipo de parentezco tenemos ya que aca en argentina somos muy pocos quisiera tener una contestacion si es muy amable de su/tu parte perdon por las molestias ocasionadas y desde ya muchas gracias
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