How companies record and report financial information

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Accounting procedures dictate how companies record and report their financial information. Generally accepted accounting principles (GAAP) is the leading U.S. authority for accounting standards in the private industry. These principles provide companies with [a] basic understanding of how to record information for internal and external business use.

Explain and describe the importance of one of the following:

Calculating Net Worth

Accounts Receivable Ratio

Collection Ratios

Cost Ratio

Reference no: EM133356319

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