29 Aug Discussion Topic 5 Financial Reporting Acc545
Respond to the following in a minimum of 175 words:
This week focuses on valuation and credit risk assessment, and cash flow statements.
Discuss
FOR WEEK 5’s INITIAL TOPIC, PLEASE DISCUSS THE FOLLOWING:
What is cash? Think in terms beyond its monetary function.
https://www.youtube.com/watch?v=Fmud8qjdRcU
Respond to the following:
You buy a CD with 9 month maturity on June 1. It is now Dec 31, and you are compiling your balance sheet. Since that CD only has 2 months left before it matures, does it qualify to be shown as a Cash Equivalent (essentially as cash) or should it be presented as short-term investment?
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