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Similar to ecosystems, the skeleto-muscular system cycles:
Ratio Analysis
A financial analytical technique that uses ratios (quantitative relationships) between financial statement items to assess a company's performance and condition.
Accounting Process
The sequence of procedures undertaken to record, summarize, and report financial transactions for a business entity.
Accrual Basis
An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash transaction occurs.
Double-entry Accounting
An accounting method that records each transaction twice, as both a debit and a credit, to ensure the accounting equation remains balanced.
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