Examlex
If a government has debt service due no more than one month after the end of a fiscal year and has the resources available, then it is permitted to accrue expenditures and a fund liability for the debt service.
Direct Method
A method of preparing the cash flow statement where actual cash flow information from the company’s operations segment is used directly.
Indirect Method
A way of calculating cash flows from operating activities for the cash flow statement by adjusting net income for changes in non-cash items.
Quality
The degree of excellence of a product or service, or its conformity to established standards or specifications.
Income Ratio
A financial metric used to gauge a company's profitability by comparing its income to other relevant figures, such as sales or assets.
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