When Writing News Stories,journalists Are Taught to Answer the Questions

question 63

Essay

When writing news stories,journalists are taught to answer the questions of who,what,when,where,and why.How is the job of retailers similar to that of journalists?

Understand the rationale behind the selection of cash basis vs accrual basis accounting methods.

Interpret the purpose and structure of financial statements effectively.

Comprehend the functionality and necessity of an accounting system within a business environment.

Recognize the importance and method of ratio analysis and financial ratio categories in business decision-making.

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Definitions:

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure a debt or loan, affording the lender a right to repossession if the debtor defaults.

Debtor's Property

Assets owned by an individual or entity (debtor) that owe money to creditors, which may be subject to claims or liens.

Debtor Defaults

Occurs when a debtor fails to meet the legal obligation of debt repayment, potentially leading to legal action or loss of collateral.

Repossesses Collateral

The act of taking back possession of property used as collateral in a loan agreement, typically after a default by the borrower.