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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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