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You should be able to define/explain/give examples of: Entity Concept: Accrual vs. Cash accounting Materiality Matching Elasticity Consumer surplus Economy of scale Economic multiplier Conservativism

You should be able to define/explain/give examples of:

Entity Concept:

Accrual vs. Cash accounting

Materiality

Matching

Elasticity

Consumer surplus

Economy of scale

Economic multiplier

Conservativism

Aspirational budget

Programming cycle

Hard vs. soft numbers

Voluntary compliance

Overhead expenses

Working capital:

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