Examlex
Why is it helpful to define white-collar crime as "a violation of law committed in the context of the offender's legitimate occupation"?
Incurred
Describes expenses that have been realized or experienced by a business or individual.
Matching Principle
An accounting principle that expenses should be recorded in the same period as the revenues they helped to generate, to provide a more accurate picture of financial performance.
Deferrals
Accounting transactions that involve recognition of revenues or expenses in a period different from when they are actually received or paid, to match revenues with expenses in the appropriate period.
Accruals
Accounting adjustments for revenues that have been earned or expenses that have been incurred but are not yet recorded in the accounts.
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