Class Notes (839,113)
Canada (511,191)
Langara College (1,809)
FMGT 1115 (6)
Lecture

Financial and Cash Flow Statements.docx

3 Pages
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Department
Financial Management
Course Code
FMGT 1115
Professor
A.Macdonald

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Description
Financial and Cash Flow Statements Financial Position Statement  also known as a Balance sheet Classified balance sheet  consists of assets and the liabilities of the company Unclassified balance sheet  no label to indicate the assets or liabilities  opposite of classified Operating cycle  a specific time period between the initial investment of cash & the cash return from sale due to the products and its services Liquidity  the information that indicates that assets can turn into cash quickly Liabilities  the totally amount the company owes to others (possibly another company) o borrowing is usually to get items that are beneficial to the company (future-wise) Current liabilities  requires the use
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