文件bfa103会计与财务决策第13周.pdfVIP

The big issues Key ideas covered in this unit: (1) Reporting of business performance and position to outside groups (financial accounting) is “accrual based”– cash flows in and out of a business can be very uneven so accrual based “profit”for a year provides the best measure of the wealth created by a business. This profit figure is supposed to be a better indicator of future profits than a cash based profit figure. 2