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Although diplomacy is a powerful tool of foreign policy, by its very nature it takes patience and is overshadowed by:
Ratios
Quantitative relationships between two or more values, often used for financial analysis, to assess the performance, health, and prospects of a business.
Ledgers
Financial records that contain a detailed account of all the financial transactions of a business.
Accrual Basis
An accounting method where transactions are recorded when they are earned or incurred, regardless of when cash is exchanged.
Cash Basis
An accounting method where revenues and expenses are recorded when they are actually received or paid out, not when they are earned or incurred.
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