Examlex
When using the three tools to control behavior, it is usually best to begin by
Profit/Loss
Financial metrics indicating the net earnings or deficits incurred by an entity over a particular period, calculated as the difference between revenues and expenses.
Reportable Segment's Equity
The portion of equity attributable to business segments that must be disclosed separately in financial statements according to regulatory requirements.
Reconciliations
The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement, typically used in accounting to check the accuracy of financial records.
Listed Entities
Companies whose stocks are traded on a public stock exchange, making their shares available for purchase by the general public.
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