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5 Business Skills Every IT Pro Must Master (Collection) by Leigh Thompson, Jerry Weissman, Terry J. Fadem, Stephen Robbins, Robert Follett

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Index

80/20 rule

defined, 10

inventory turnover and, 61, 148

A

accelerated depreciation, defined, 42

accountants, defined, 10

accounting, defined, 10

accounting periods, defined, 10

accounts, defined, 10

accounts payable

balance sheet, recording on, 37

as current liability, 73

defined, 10

worksheet, recording on, 39-40, 65-66

accounts receivable

average collection period, explained, 58-60

as current asset, 71

defined, 10

working capital, relationship with, 57

worksheet, recording on, 41, 65

accrual method of accounting, 139

cash method versus, 6-7

defined, 10-11

accrued expenses. See also salaries

as current liability, 73

defined, 11

acid test

calculating, 135

when to use, 150

Acme Widget Company example

balance sheets (first year)

constructing ...

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