Examlex
In the figurehead role, the manager performs ceremonial and symbolic duties.
Infrequent Occurrence
Events or transactions that are not expected to happen regularly or often within the normal course of business.
Accounting Principle
Fundamental guidelines or rules that govern the accounting process, ensuring that financial statements are accurate, reliable, and consistent.
Accounting Estimate
An approximation of a financial statement element, item, or account in the absence of exact data.
Prospective Approach
A method of accounting that applies new standards or changes in accounting policy to transactions occurring after the date of the change or standard implementation.
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