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2. Balance sheet - Wikipedia

   en.wikipedia.org/wiki/Balance_sheet

   A balance sheet is often described as a "snapshot of a company's financial condition". [1] It is the summary of each and every financial statement of an organization. Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business's calendar year. [2]

3. How to Analyze a Balance Sheet - AOL

   www.aol.com/analyze-balance-sheet-193300468.html

   Real-life examples to help investors make sense of this critical document. ... look at how investors can understand a company's balance sheet. Heads-up: This show gets to some more advanced ...

4. FIFO and LIFO accounting - Wikipedia

   en.wikipedia.org/wiki/FIFO_and_LIFO_accounting

   With FIFO, the cost of inventory reported on the balance sheet represents the cost of the inventory purchased earliest. FIFO most closely mimics the flow of inventory, as businesses are far more likely to sell the oldest inventory first. Consider this example: Foo Co. had the following inventory at hand, in order of acquisition in November:

5. Chart of accounts - Wikipedia

   en.wikipedia.org/wiki/Chart_of_accounts

   A chart of accounts compatible with IFRS and US GAAP includes balance sheet (assets, liabilities and equity) and the profit and loss (revenue, expenses, gains and losses) classifications. If used by a consolidated or combined entity, it also includes separate classifications for intercompany transactions and balances.

6. Inventory - Wikipedia

   en.wikipedia.org/wiki/Inventory

   Inventory may also cause significant tax expenses, depending on particular countries' laws regarding depreciation of inventory, as in Thor Power Tool Company v. Commissioner. Inventory appears as a current asset on an organization's balance sheet because the organization can, in principle, turn it into cash by selling it. Some organizations ...

7. Accounting equation - Wikipedia

   en.wikipedia.org/wiki/Accounting_equation

   Since the balance sheet is founded on the principles of the accounting equation, this equation can also be said to be responsible for estimating the net worth of an entire company. The fundamental components of the accounting equation include the calculation of both company holdings and company debts; thus, it allows owners to gauge the total ...

8. Management accounting - Wikipedia

   en.wikipedia.org/wiki/Management_accounting

   Management accountants (also called managerial accountants) look at the events that happen in and around a business while considering the needs of the business. From this, data and estimates emerge. Cost accounting is the process of translating these estimates and data into knowledge that will ultimately be used to guide decision-making.

9. General Motors (GM) Q4 2024 Earnings Call Transcript - AOL

   www.aol.com/finance/general-motors-gm-q4-2024...

   Image source: The Motley Fool. General Motors (NYSE: GM) Q4 2024 Earnings Call Jan 28, 2025, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...