Examlex
Explain how changes in accounting policies, changes in accounting estimates and errors are accounted for under the accrual basis of accounting.
Loan Covenant
A condition in a commercial loan agreement that requires the borrower to fulfill certain conditions, or restricts certain activities, to protect the lender's interests.
Accounting Measure
A quantifiable financial metric used to assess a company's performance or financial health, based on accounting records.
Financial Statements
Reports that summarize the financial condition and operations of a business.
Timeliness
Timeliness refers to the speed with which financial information is reported and made available to users, affecting its relevance and decision-making utility.
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