1) Is balance sheet is a report cash inflow?
No, balance sheet is the record of a company’s asset and liability.
2) Is an income statement a report flow?
No. income statement is a simple and straightforward report on a business’ cash-generating ability
Flow report is a
3) How many function of a central bank?
There are four functions of a central. The first one is actually to implement monetary policy. The second one is exchange rate supervision. The third main task is the commercial bank supervision, the fourth main task of the central bank would be to act as a lender of last resort in case.
*) what is the first function?
The first function of a central bank is actually to implement monetary policy. There are roughly three ways to do it. First setting interest rate ceilings and floors which means limiting, upwards or downwards, the fluctuations of the interest rate. The second way to implement monetary policy is simply printing money, or destroying it-coins, banknotes. The third one which is a bit more modern, is those open-market operations, which are simply buying and selling government bonds to and from commercial banks.
*) what is the second function?
The second one is exchange rate supervision, mainly for floating exchange rates but one should not forget that even for fixed exchange rate the central bank still has to make sure that it has enough reserves to counteract any upswing or downswing of this exchange rate.
*) what is the third function of a central bank?
The third main task is the commercial banks supervision. The commercial banks have enough liquidities, for instance, to avoid any bank run.
*) what is the fourth function of a central bank?
The fourth function task of the central bank would be to act as a lender of last resort in case, actually, one of these commercial banks goes bankrupt and the investors, the people putting money in the bank, have to get back their money.
The purpose of accounting is that its provides a financial picture of a business firm.
As we examine the detail of the financial accounting process, it is very important to keep in mind the objective toward which the process is aimed: the preparation of these three financial statements.
GAAP is mean: generally accepted accounting principles: các nguyên tắc kế toán được thừa nhận chung.