Examlex
The first four steps in human resource planning all lead to the final step, which is the development of a strategic human resource plan.
Past Event
An event or transaction that has occurred prior to the balance sheet date, impacting the financial position or performance of an entity.
Reliable Estimate
A calculation or assessment regarding figures or outcomes that is deemed dependable based on available evidence.
Contingent Liability
A contingent liability is a potential financial obligation that may arise depending on the outcome of an uncertain future event.
Accrual
A bookkeeping approach that logs income and expenditures at the time they occur, irrespective of the timing of actual cash transactions.
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