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Identifying an organization's existing vision, mission, objectives, and strategies is the final step for the strategic-management process.
Accrued Revenues
Revenues that have been earned but not yet received in cash or recorded, representing assets on the balance sheet until they are realized.
Fiscal Year
A 12-month period used for financial reporting and budgeting, which may or may not align with the calendar year.
Income Statement
The Income Statement, also known as a profit and loss statement, is a financial report that shows a company's revenues, expenses, and profits or losses over a specific period.
Unearned Fees
Income received by a company for services or goods that have yet to be provided or delivered.
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