Financial accounting and economy
Anglų skaidrės. Financial accounting and economy. Table of content. Financial accounting. Bookkeeping. Auditing. Company's accounting principles and standards. Balance Sheet. Profit and Loss Account. Cash Flow Statement. Corporate liquidity and solvency problems. Reference sources.
Liquidity: how easily a company can turn some of its assets into cash.
Solvency: whether a company has enough cash to pay short-term debts, or whether it could go bankrupt – have its assets sold to repay creditors.