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Assessing income: revenues and expenses
This video from the University of Padova will introduce you to some of the most important concepts in accounting.
A fundamental role of accounting is identifying revenues and expenses.
These differ from cash inflows and cash outflows.
Think about the following problem
A company buys properties downtown and pays the seller in cash.
- Is there any expense involved?
A company pays for consultancy services to ensure its budgeting process is sound.
- Is there any expense involved?
Download the PDF slides, presented in the video, below if you wish.
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