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Lecture Intermediate accounting - Chapter 2: Review of the accounting process

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Lecture Intermediate accounting - Chapter 2: Review of the accounting process. Chapter 1 stressed the importance of financial statements in helping investors and creditors predict future cash flows. The balance sheet, along with accompanying disclosures, provides relevant information useful in helping investors and creditors not only to predict future cash flows, but also to make the related assessments of liquidity and long-term solvency. The purpose of this chapter is to provide an overview of the balance sheet and financial disclosures and to explore how this information is used by decision makers.
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Lecture Intermediate accounting - Chapter 2: Review of the accounting process

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