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It is not realistic to claim or to pursue an "I'm totally unbiased" stance with regard to diversity.
Prepaid Expenses
Costs paid in advance for goods or services that will be used or consumed over time, recorded as assets on the balance sheet.
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded at the end of a reporting period.
Unearned Revenue
Money received by an individual or company for a service or product that has yet to be provided or delivered.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
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