Lecture notes
Accounting
Lecture notes study book Rich Dad Poor Dad of Robert Kiyosaki, Zack Bowman - ISBN: 9780359727896, Edition: 1, Year of publication: - (Accounting)
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, Cash isKing
fhekeyfonancialftatementst.lu
statement of cash flows and the other statements
1, statement of financial performance C.Income Performance)
2, statementof financial position ( Balance sheet .
8, statement of cash flows ( cash flow statement?
4 Statement of changes equityin (
equity statement?
5 , statement
of comprehensive Income .
Why cash so important?
is
At the endof the
day cash a transferable and a- what we useto pay for things
,
white both revenue and profit are just conceptual measurements they are not ,
something you can actually use .
How cash the lifeline of your business ?
a
Itai Lin portant to understand that a business fails when it runs out of cash ,
not
because it makes losses A business can sustain losses as long as it has enough cash
. .
some businesses have sustained tones for
years before becoming profitable .
How your business fail ?
can
If you fail to pay any of the people and organisation you owe money to they can
go to court and put your business into administration What this means
ti a third .
party administrator is appointed to see your business and> off and pay back there
• "
money too , only giving you what a loft over after all liabilities are settled
It's for this reason that many regard cash to be more importantthan
profits .
Cash Injections
, Cath Injections Explained -
Cashflow of a person .
÷÷:¥¥f
Sources d- potential cash injections Cui your own finances)
-
Get a job Ask family -
-
Overdraft -
Aska friend
- Credit card -
Sell assets .
-
Get a loan
•
Our need for cash the same a- as for a business .
ssounes A potential cash injections
-
Sella product or service: -
fell assets
.
- Overdraft - Issue shares .
-
Get a loan .
Issue bonds .
- credit card
why are profits still inipatant ?
Cash carha
IIFA generate
Profits are
a )
thereat band
format cash
( Profit
injections .
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