Skip to the content
LOGO
  • Essay Samples
  • About Us
  • Contact Us
Menu
  • Home
  • Cash
  • Managing Financial Resources

Managing Financial Resources

0 / 5. 0

Managing Financial Resources
Tags:
  • According
  • Account
  • Accounting
  • ACT
  • Action
  • Addition
  • Alternative
  • Amazon
  • Analysis
  • Approaches
  • Attention
  • Balance
  • Balance sheet
  • Bank
  • Benefits
  • Better
  • Board
  • Boston
  • Budgeting
  • Business
  • Business Finance
  • Canada
  • Capital
  • Case
  • Cash
Show more
Pages:
5
Words:
1375
Get document Get an original paper

Revenue refers to the money a company obtains from conducting its business. On the other hand, cash describes the ready money that is in hand, bank account or petty cash. Both cash and revenue are used as common variables for assessing the financial strength of business. However, revenue provides an indication of the company’s effectiveness in sales and marketing while cash tends to be an indicator of the effectiveness of money management strategies (Chew and Parkinson, 2013, 24). In accounting, revenue is commonly recorded at the time a transaction takes place and may not necessarily reflect the amount of cash available at hand or bank. Eventually, revenue impacts a company’s cash but does not always have an automatic effect on the amount of cash. In accounting, the concept of equality describes the relationship between variables (William, Shannon, and Maher, 2005, 39). The most important relationship is that between items in a balance sheet, where the equality principle states that the value of assets must be equal to the value of liabilities. Any deviation from the equality indicates possible errors in the accounting entries calculations. Week 4: Discussion Forum: 4.1 I do not agree with the statement that ratio analysis is limited concerning the amount of information it can reveal about a company’s financial performance. My reason for disagreeing is that financial ratios are a valuable tool that is widely used across industries to judge organizations’ performance regarding management and operations (Tracy, 2004, 61). These ratios judge how well an organization can utilize its resources and assets to generate income (revenue). Ratio analysis is also used to

Free Managing Financial Resources Essay Sample

Share:

Related samples

Zika Virus: Transmission Form
0
(0)

Zika virus: Transmission form Introduction The Zika virus belongs to the Flaviviradae family, was found for the first time in a monkey called Rhesus febrile and in...

Read more
Zika Virus: Cases And Prevention
0
(0)

Zika virus: cases and prevention Introduction The World Health Organization (WHO) has confirmed that Zika is a virus caused through the mosquito bite which is...

Read more
Zeus The King Of Greek Mythology
0
(0)

Zeus The King of Greek mythology Introduction Zeus is the Olympic God of heaven and thunder, the king of all other gods and men and, consequently, the main figure...

Read more
Zeus’S Punishment To Prometheus
0
(0)

Zeus's punishment to Prometheus Introduction Prometheus, punished by Zeus Prometheus, punished by Zeus. Prometheus is a ‘cousin’ of Zeus. He is the son of the...

Read more

Comments

Leave feedback Cancel reply

Your email address will not be published. Required fields are marked *

LOGO
  • Privacy Policy
  • Terms & Conditions
  • Guarantees
Copyright © 2023 TopicsEssay.com, All rights reserved
Up ↑ Up ↑

Leave your mail and get academic paper

Type your email

Please type correct email.
Email sending