Examlex
While nice to have,goals are not absolutely required in order to plan successfully.
GAAP
Generally Accepted Accounting Principles, a collection of standardized guidelines and practices for financial accounting in the United States to ensure consistency and transparency.
Comparative Financial Statements
These are financial statements that present data for multiple periods side by side to facilitate comparison and analysis of financial performance over time.
Retroactively Adjusted
Adjustments made to financial statements or other data for previous periods in light of new information or to correct errors.
Consolidation Adjustments
Adjustments made to eliminate transactions between entities within a consolidated group, ensuring that the consolidated financial statements present a group as a single economic entity.
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