Accounting summary

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Accounting summary
Topics covered in chapter 13
Chapter 13 talks about an introduction to accounting and business. From the readings, the
chapter defines what cash flow is and its importance to an organization. I an organization set up,
cash flow is significant. Cash flow reports, cash payment, and cash receipts are involved in three
major activities in a company. These activities are financial activities, operating activities and
investing activities (Almeida, 76). These three are the main topics covered in chapter 13. Cash
flow from the on the side of events is tasked with reporting inflows and outflows that are related
to companies long stockholders and long-term liabilities. Another major area covered is cash
flows and operating activities. When a cash flow reports cash flow from producing an event, it is
later followed by similar cash flows from financing and investigating activities. We should not
confuse cash flows from investigating the operation and cash flow from financing activity.
Something important also discussed in chapter 13 is how gains and losses are either deducted or
added to the net income.
Importance of topics covered in chapter 13
It is only a fool who can underestimate the importance of cash flows in a company. We
can learn that a company can be affected in its operation by those transactions that do not involve
money. The cash that a company operates with at the beginning of the year will determine the
results achieved towards the end of the year. Accountants tasked with money in a company need
to be well conversant with issues of cash flow. This is because any slight mistake when dealing
with cash flow issues in the organization can result in loss of money and other valuable assets.
Work Cited
Almeida, Heitor, Murillo Campello, and Michael S. Weisbach. "The cash flow sensitivity of
cash." The Journal of Finance59.4 (2004): 77-84.

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