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An informatics nurse is developing a plan to integrate an elaborate electronic health record that will require modifications over time. The informatics nurse chooses to not use the waterfall model because:
Journal Entries
A record of financial transactions in accounting, documenting the debit and credit effects on specific accounts.
Adjusting Journal Entries
Journal entries made in an accounting period to allocate revenue and expenses to the period in which they actually occurred.
Closing Journal Entries
Entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare for the next period.
Revenue In Advance
Income received by a company for goods or services that are to be provided in the future, also known as deferred revenue.
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