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Financial Accounting Standards

Official promulgations, known as STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS, by the FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) which are part of GENERALLY ACCEPTED […]

Financial Statements

Presentation of financial data including BALANCE SHEETS, INCOME STATEMENTS and STATEMENTS OFCASH FLOW, or any supporting statement that is intended to communicate […]

Fixed Assets.

Fixed Assets. Assets that will provide benefits to a company for more than one year, such as real estate, land, or expensive machinery […]

Fixed Cost.

Fixed Cost. An expense that is not usually affected by changes in Revenue. For example, rent and admin salaries tend not to change […]