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12/3 Engagement #12 Accounting and Financial Management Accounting pp. 191 o In “general” accounting is not hard – detail driven “the numbers” o The process of developing and providing reliable financial information for decisions “the scorecard” o How well rewarded for providing customers with their needs efficiently – calculate profits o Everyone in a company needs to be familiar with business numbers i.e. cost, budgets, sales revenue, investment in company o Big 4 Accounting Firms PricewaterhouseCoopers Deloitte Touche Tohmatsu KPMG Service business – all in top 10 of top companies to start a career Budget pp. 191 o The amount of money allocated for a leader and a department to carry out its assigned responsibilities 3 Financial Statements everyone needs to understand pp. 191 o Balance sheet Accumulation – over time – assets and liabilities – value of owned or leveraged assets? o Income statement Financial performance in a defined period of time o Statement of Cash Flow Cash to meet obligations *Why? Past performance – current conditions – trends
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This note was uploaded on 04/19/2011 for the course BUS 100 taught by Professor Mo during the Fall '08 term at Indiana.

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a download_doc-4.php - 12/3 Engagement #12 Accounting and...

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