Examlex
A risk factor is any characteristic or condition that
Cash Collection
The process of gathering and processing payments received from customers.
Prior Year
Prior year refers to the last completed fiscal or calendar year used as a reference point in financial and operational analysis.
Current GAAP
The most up-to-date set of Generally Accepted Accounting Principles that companies are required to follow when preparing financial statements.
Direct Method
A cash flow statement preparation approach that lists major categories of gross cash receipts and payments.
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