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What it measures The rate at which a company pays off its suppliers. The accounts payable turnover ratio is a short-term liquidity measure that quantifies how well a company pays its average payable amount over a single accounting period. Why it is important Investors want to know how quickly your . . . Read more
Definition The principles and practice of systematically recording, presenting, and interpreting financial accounts; financial record keeping and management of businesses and other organizations, from balance sheets to policy decisions, for tax or operating purposes. Forms of inflation accounting, such as CCA (current cost accounting) and CPP (current purchasing power), are . . . Read more
Definition: a person whose profession is analysing and communicating financial information and maintaining financial records for an organisation. Meaning: Person responsible for drawing up accounts, usually for a business organization. Accountants have traditionally concentrated on recording what has happened financially in the past. However, in management accounting, accountants are increasingly . . . Read more