Financial reporting requires an understanding of: basic financial terms, the differences. between cash-based and accrual accounting, and an appreciation of when revenue and. costs are recognized. All of these topics are dealt with in this eBook, which is an ideal. introduction to basic accounting principles.
Quick Answer. Discard milk if it is left out at room temperature for more than two hours. Milk that remains at room temperature for an extended period of time grows bacteria and should not be consumed.
Out to Pasteur. In order for milk to stay fresh at room temperature, two things are required. First, it has to be completely free of any bacteria or other microorganisms; bacteria, after all, are what cause milk to spoil. Second, the milk must be packaged in such a way that it canât be contaminated after the fact.