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Explain how cash plays a role in all business processes.
International Financial Reporting Standards (IFRS)
A set of accounting standards designed to bring consistency to accounting language, practices, and statements across the globe.
Net Operating Working Capital
A financial metric that calculates the difference between a company's operating current assets and its operating current liabilities.
Current Assets
Assets on a balance sheet expected to be converted into cash, sold, or consumed within one year or the business cycle, whichever is longer.
Current Liabilities
Current Liabilities are a company's debts or obligations that are due to be paid to creditors within one year, including accounts payable, short-term loans, and other short-term financial obligations.
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