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Accounting Principles
A set of guidelines and rules that govern the accounting procedures and financial reporting of businesses, ensuring accuracy and consistency across industries.
Fixed Asset Impairments
A reduction in the recoverable value of a fixed asset below its carrying value, recognized as a loss in financial accounting.
Discontinued Operations
Parts of a company's core business or product lines that have been sold, disposed of, or abandoned and are reported separately in financial statements.
Unusual Item
A significant financial transaction or event that is rare and not expected to recur frequently, reported separately in financial statements to not distort the operational performance.
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