Conservatism Principle
An accounting concept requiring that potential losses be recognised immediately, but gains only when realised. It ensures financial statements are not overstated, maintaining reliability and prudence in reporting.
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Cash Management
Cash management is the process of collecting, managing, and investing cash in a way that ensures a business has enough…
Contractual Obligations
Contractual obligations refer to the legal duties a company is required to fulfill under agreements, such as leases, loan payments,…
Cost Behavior
Cost behavior refers to how costs change in relation to the volume of business activity, such as production or sales.…
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