If the time value of money is so important, why isnt the timing of cash flows emphasized
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If the time value of money is so important, why isn’t the timing of cash flows emphasized in the accounting cycle?
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Accrual accounting is designed to achieve the prop...View the full answer
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Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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The time value of money (TVM) is the concept that the money you have in your pocket today is worth more than the same amount would be if you received it in the future because of the profit it can earn during the interim.
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