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Have you thought about switching to a four week accounting period?

HSM 340 Week 2 Quiz 1. (TCO 2) A statement that reports inflows and outflows of cash during the accounting period in the categories of operations, investing, and financing, is called a(an): 2. (TCO 2) Which method(s) of financial reporting does (do) not recognize the impact of changes in purchasing power? 3. (TCO 2) Which of the following is the BEST example of a financial metric? 4. (TCO 2) What is/(are) the primary determinant(s) of firm value? 5. (TCO 2) How are revenues and…

Here are examples to show how the accounting equation works. See how the accounting equation stays in balance as business transactions take place. [...]

Management accounting collects data from cost accounting and financial accounting. Thereafter, it analyzes and interprets the data to prepare reports and provide necessary information to the management. On the other hand, cost books are prepared in cost accounting system from data as received from financial accounting at the end of each accounting period.


If your quarterly sales tax payment is coming up, you'll need to run a Quarterly Sales Tax Payment Report in Point of Sale. Here's how to do it: