Financial Adjustments

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August 31, 2024 3 min read Definitions
Deductions: Essential Financial Adjustments
Finance Accounting Taxes Deductions Gross Income Taxable Income Expenses Financial Adjustments
Specific expenses that can be subtracted from gross income to reduce taxable income, including taxes, insurance premiums, and retirement contributions.
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August 25, 2024 3 min read Definitions
Prior Period Adjustment: Correction of Past Financial Errors
Accounting Finance Accounting Practices Financial Adjustments Retained Earnings Financial Statements Prior Period Errors
An in-depth explanation of Prior Period Adjustment in accounting, focusing on the correction of errors from previous periods that should not affect current financial statements.
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August 24, 2024 3 min read Definitions
Workout Period: Understanding Yield Discrepancies in Fixed Income Securities
Finance Investments Fixed-Income Securities Yield Discrepancies Workout Period Bond Markets Financial Adjustments
A comprehensive guide to understanding the concept of workout periods in fixed income securities, including the causes of yield discrepancies and how they are adjusted.
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