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Why is process value analysis not part of the general ledger accounting system?
Income Statement
A financial statement that reports a company's financial performance, including revenues, expenses, and profit, over a specific period.
Direct Method
A way of preparing the cash flow statement where actual cash flow information from the company's operations section is used rather than being derived from the income statement.
Prepaid Expenses
Costs paid for in advance of their use or consumption, recorded as assets on a balance sheet and gradually expensed over the period of use or benefit.
Direct Method
A way of preparing the cash flow statement where actual cash flows from operating activities are listed directly.
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