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Present Values
The current value of a future amount of money or stream of cash flows, discounted at a particular rate of interest.
Expense Accruals
The recording of expenses that have been incurred but not yet paid, ensuring that expenses are matched with the revenues they helped generate in the same period.
Projected Benefit Obligation
A financial measurement that estimates the total amount of benefits an employer is expected to pay out to participants in a defined benefit plan.
Present Value
A financial concept that calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.
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