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Does the Americans with Disabilities Act (ADA)cover AIDS? Why are employers sometimes reluctant to hire people who have this illness? What should employers do about this?
Expense Recognition Principle
Accounting principle that dictates expenses should be recognized in the period in which they are incurred to generate revenues.
Accounting Period
This is a specific duration of time for which financial statements are prepared to understand and evaluate a company's financial performance.
Earned
Refers to income or revenue that a company has generated from its operations or business activities.
Adjustments
Records documented in the financial accounts at the end of a fiscal period to distribute revenues and expenses to the timeframe in which they were truly incurred.
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