Examlex
Managers with high emotional intelligence:
Prepaid Expenses
Upfront costs incurred for items or services that are to be obtained in the upcoming time.
Accrued Expenses
Expenses that have been incurred but not yet paid, representing liabilities on the balance sheet.
Assets
Assets are resources controlled by a company as a result of past events and from which future economic benefits are expected to flow to the entity.
GAAP
Set of accounting standards and principles designed to ensure consistency, fairness, and transparency in financial reporting.
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