Chapters 15-17

romi suissa Business Studies Grade 12 English 1 page

Content of the notes (1)

-Business Activities involving accounting

Financing

Investing

Operating

-GAAP (Generally Accepted Accounting Principles) -> IFRS (International Financial Reporting Standards)

-Accounting equation; Assets = Liabilities + Owner's equity

-Income statement: financial record of company's revenues

-failed firms blame inadequate cash flows for their company's failure

Description: Grade 12 Business Studies Note on Chapters 15-17, created by romi suissa on 30/11/2016.
Created by: romi suissa
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