Multimedia Resources

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Video Links

Importance of Business Records

Review why knowledge of financial records is important to running a small business.

LO 8.1: Discuss the importance and uses of financial records in a small business.

Common Mistakes with Accounting Records

Here are some common mistakes in accounting to be wary of in your small business.

LO 8.2: Itemize the accounting records needed for a small business.

Important Business Metrics

Review some of the ratios and business metrics that can help you achieve success in your business.

LO 8.3: Explain the 11 ratios used to analyze financial statements.

How to Read a Cash Flow Statement

Review the meaning of the cash flow statement and how to interpret it.

LO 8.4: Illustrate the importance of and procedures for managing cash flow.


Resources Mentioned in Chapter 8