Cash and cash equivalents refers to a balance sheet item that indicates the value of a company’s assets that are cash or immediately convertible to cash.
Cash equivalents include bank accounts and marketable securities such as commercial paper and short-term government bonds.
Cash equivalents must have a maturity of no more than three months.
Cash equivalents must also be convertible to cash; for this reason cash equivalents often have active markets.
The Company has cash and cash equivalents to pay its short-term bills, as well as to maintain capital for long-term capital allocation.
Accountability is the acceptance of responsibility for one’s actions. This implies a willingness to be transparent, allowing others to observe and evaluate their work.
Accounting policies are the procedures a company uses to prepare financial statements. Unlike accounting principles, which are rules, accounting policies are the standard for following those rules.
Acquisition accounting is a set of formal guidelines describing how the acquirer should report the assets, liabilities, non-controlling interests and goodwill of the acquired company.
Performance Based Management (ABM) is a means of analyzing a company’s profitability by looking at every aspect of its business to determine its strengths and weaknesses.