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Accrual Accounting
The method of accounting that recognizes revenue when earned and expenses when incurred regardless of when cash transactions occur.
Deferrals
Financial transactions that are recognized in a later accounting period than the period in which they occur, such as prepaid expenses.
Accruals
Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged, to reflect the true financial position of a company.
Cash Flow Assessment
The analysis of a company's cash inflows and outflows to evaluate its financial health.
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