Asked by roshell ayeshma on Jul 25, 2024
Verified
Accounting is:
A) focused on cash flow.
B) the language of finance.
C) an outgrowth of economics.
D) Both a & b
Accounting
A systematic process of recording, summarizing, and reporting the financial transactions of a business.
Cash Flow
The net amount of cash and cash-equivalents being transferred in and out of a business, crucial for its liquidity, solvency, and financial flexibility.
Language Of Finance
The specific jargon, terms, and concepts used in the finance industry to communicate financial information and decisions.
- Distinguish between the viewpoints of finance and accounting in a business context.
Verified Answer
Learning Objectives
- Distinguish between the viewpoints of finance and accounting in a business context.
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