Examlex
Strategies are most effective when firms leverage unique, firm-specific resources and capabilities.
Accounting Information
The data related to the financial transactions and status of a business that is used for reporting purposes.
Faithful Representation
A qualitative characteristic of financial information that ensures the information depicts the economic phenomenon it intends to represent, without error or bias.
Fair Value
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.
Going Concern
The assumption that a company will continue in operation for the foreseeable future.
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