Prepaid expenses are payments made in advance for goods or services that will be received or used in the future, and are recorded as assets on the balance sheet. They are important to track and manage as they can have a significant impact on the company's financial statements, cash flow, and ability to take advantage of discounts.
Capital assets, encompassing long-term investments like property and equipment, are essential for a company's core operations, providing the means for production and growth, and requiring strategic management for optimal value and efficiency.
Financial performance is a measure of a company's financial health, typically measured by analyzing its financial statements, such as its income statement, balance sheet, and cash flow statement. It is used to assess a company's financial health, compare it to other companies in the same industry, and make decisions about investing in a company. It is also used by companies to assess the effectiveness of their strategies and to set goals.
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