A structured list of all accounts used in a business’s accounting system. It includes categories for assets, liabilities, equity, revenue, and expenses. The chart of accounts organizes financial data for reporting and helps ensure consistent record-keeping across different departments or locations.
Cash management is the process of collecting, managing, and investing cash in a way that ensures a business has enough…
Contractual obligations refer to the legal duties a company is required to fulfill under agreements, such as leases, loan payments,…
Cost behavior refers to how costs change in relation to the volume of business activity, such as production or sales.…
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