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A deferred expense (also known as a prepaid expense or prepayment) is an asset representing costs that have been paid but not yet recognized as expenses according to the matching principle. For example, when accounting periods are monthly, an 11/12 portion of an annually paid insurance cost is recorded as prepaid expenses.
In accounting, the revenue recognition principle states that revenues are earned and recognized when they are realized or realizable, no matter when cash is received. It is a cornerstone of accrual accounting together with the matching principle. Together, they determine the accounting period in which revenues and expenses are recognized. [1]
The trend in most accounting standards is towards more timely reflection of the fair or market value of some assets and liabilities, although the historical cost principle remains in use. Many accounting standards require disclosure of current values for certain assets and liabilities in the footnotes to the financial statements instead of ...
Matching funds, funds set to be paid in equal amount to funds available from other sources; Matching principle, an accounting method; Matching theory (economics), the assigning of job candidates to vacancies; Matching corresponding trades, the basic operation for clearing (finance) Employer matching program in the United States
Doctors explain the safest and most effective way to blow your nose. Here, experts share how to remove mucus quickly and safely.
Bacon said debt ceiling and short-term spending legislation will always involve some fiscally-conservative Republicans in opposition. "So you gotta have Democrats on board," he added.
Khloé Kardashian spent her Christmas morning cheffin' it up in style.. On Dec. 25, the Good American founder, 40, shared a relatable clip of her dressed in a short-sleeve tee, flannel pajama ...
A matching function is a mathematical relationship that describes the formation of new relationships (also called 'matches') from unmatched agents of the appropriate types. For example, in the context of job formation, matching functions are sometimes assumed to have the following 'Cobb–Douglas' form: