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.
What foods spoil if left out of the refrigerator for 4 hours?   Wet foods will spoil within two hours. All others, within four hours. Bacterial growth on room temperature foods can lead to deadly ailments, which is why it is wise tâ¦o throw out any food that has remained at room temperature for more than four hours.