When it comes to accounting, there are two main methods of determining a firm's financial health and profitability. One method is to calculate the firm's accounting profits, otherwise known as net ...

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Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial position that reflects the actual cash flow of a business or individual.

The financial accounting term "cash flow" pertains to the rates at which revenue flows to and from a business. Cash flow represents a significant factor in determining a company's health, since it ...