Examlex
Relative to credentialing of school counselors nationally, states:
Accrual Accounting
An accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur, providing a more accurate picture of a company's financial health.
Diversification
A risk management strategy that mixes a wide variety of investments within a portfolio or a company's product line to minimize risks.
Alternative Accounting Policies
Different methods that an organization can use for reporting similar transactions or economic events in financial statements, based on accepted accounting principles.
Discontinued Operations
Components of a business that have been sold or otherwise disposed of, or will be disposing of, which are reported separately in financial statements.
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