The term "outsourcing" comes from the English language and is an abbreviation of the phrase "outside-resource-using", which means the use of external resources. Outsourcing involves delegating tasks, functions, projects and processes to be performed by an external company.Read More
Accruals and deferrals of costs and revenues are special accounting entries that ensure expenses and incomes are recognized in the appropriate reporting periods, aligning with the matching and prudence principles.Read More
