What is the time value of money and why it is important to accountants?
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What is the time value of money and why it is important to accountants?
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- What really is accountants, and how does it apply to the business world?Why is it appropriate to use cash basis accounting in yourpersonal life but not in the business world?What is your primary objective in choosing a company in which to invest money? What key items or relationships will you look for in each financial statement that will help you decide in which company to invest?
- What is the role of accounting in society, and how has it evolved over time? How do social and economic factors influence the development of accounting practices?Why is time value of money important in accounting? Specifically, what accounting principles would require the use of time value of money? Conversely, are there principles where time value of money can be ignored?Why should persons who pursue careers in business have a basic understanding of finance even if their jobs are in areas other than finance, such as marketing or information systems?