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People also ask
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What is the meaning of previous period?
The 'previous period' is the same length of time immediately before, e.g. if you're looking at 30 days, it compares it to the previous 30 days.
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What is the meaning of prior in accounting?
Prior Account means the bookeeping account maintained by the Company for each Former Participant that is credited with an amount equal to the existing account balances as of the Effective Date of this Plan in the LADD Deferral Plan, the Alexvale Deferral Plan and the La-Z-Boy Chair Company Supplemental Executive ...
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What is the prior period in accounting?
Prior Period means the fiscal year of the Relevant Company that coincides with or ends within the fiscal year of the Company immediately preceding the fiscal year of the Company to which the applicable Performance Goal applies.
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What is prior financial year?
Prior financial year means the financial year preceding the current year. Prior financial year means in relation to a Relevant Financial Year the Financial Year of the Purchased Company immediately preceding such Relevant Financial Year.
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What is the meaning of prior year in accounting?
Prior financial year means the financial year preceding the current year.
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What is an example of a prior period adjustment?
For example, if a company made a mistake in calculating its depreciation expense, it could make an error correction to fix the mistake and adjust the financial statements of the previous period.
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What is the meaning of prior period?
Prior Period means the fiscal year of the Relevant Company that coincides with or ends within the fiscal year of the Company immediately preceding the fiscal year of the Company to which the applicable Performance Goal applies. Sample 1Sample 2Sample 3.
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What is the meaning of previous period?
The 'previous period' is the same length of time immediately before, e.g. if you're looking at 30 days, it compares it to the previous 30 days.
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What is current and prior period?
The prior period is one year before the current date, at the same time of year. The previous period depends on the time dimension that is being measured. If dealing with monthly data, the previous period is the previous month.
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What does prior year mean?
'Prior year' means 'any year before this year'. It COULD be the previous year - or the year before that, or the year ten years ago, or last century… ANY 'prior' year. 'Previous year' means, specifically, the year immediately before this one. LAST year, not any year in the past, but the very last one before this one.
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