Book valueThe book value of an asset or group of assets is the price at which they were originally acquired, in many cases equal to purchase price. The term is often used interchangeably with net book value which is the original acquisition cost, less accumulated d
Cash-basis versus accrual-basis accountingCash-Basis Cash-basis accounting is a method of bookkeeping that records financial events based on cash flows and cash position. Revenue is recognized when cash is received and expense is recognized when cash is paid. In cash-basis accounting, revenues an
Cash flow statementA cash flow statement is a financial report that shows incoming and outgoing money during a particular period (often monthly or quarterly). It does not include non-cash items such as depreciation. This makes it useful for determining the short-term viabil
Certified General Accountant
Certified Management AccountantIn the United States, the profession of accounting includes Certified Management Accountants (CMAs). A CMA is granted a certificate from the Institute of Management Accountants (IMA), provided that the candidate passed a rigorous examination of four partss
