If You Were Developing a Group for Children, What Steps

question 161

Essay

If you were developing a group for children, what steps might you take to involve the parents? What are some advantages of involving parents in such a group?

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Definitions:

Payment

The transfer of money, goods, or services in exchange for a product, service, or fulfillment of an obligation.

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recognized as a liability until the obligation is fulfilled.

Deferral Method

An accounting practice of postponing the recognition of certain revenues or expenses until a future period when they actually occur or are realized.

Current Year

Refers to the ongoing calendar or fiscal year in which business is conducted or accounting is reported.