What Are the Principles of Lean Accounting? Are There Any

question 107

Essay

What are the principles of lean accounting? Are there any limitations? Discuss.

Evaluate the financial statement impacts of cash and stock dividends.

Prepare journal entries for stock transactions, including sales, issuance, and dividend declarations.

Interpret the financial implications of dividend policies and stock transactions on a company's cash flow.

Identify and describe basic ethical principles in healthcare.

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Definitions:

Net Operating Income

The net amount a business earns after subtracting operating costs, excluding taxes and interest expenses.

Margin

A financial metric reflecting the difference between a product's selling price and the cost to produce it, commonly expressed as a percentage of the selling price.

Investment Opportunity

A financial or business venture or asset that has the potential to yield returns or profits.

Turnover

The rate at which inventory is sold and replaced over a given period or the rate at which employees leave and are replaced in a company.