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Every class is different, but some of the most common accounting techniques will appear in nearly every course. That is because some techniques will be universally applicable to anyone managing a business. Such as, turnover analysis helps determine how long employees stay with the company and if hiring strategies need to change. Or, managing accounts receivable which is simply accounting to make sure the company has been paid by everyone who owes it. Another, more advanced, managerial accounting method is determining cash flow, which helps gauge the companies overall financial health by determining if costs are being covered enough to increase net income from month to month. All these accounting techniques can be boiled down to knowing the right formula to use and knowing a few simpler formulas to determine the value of each variable that is not provided.
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