mismatch

(noun)

Something that does not match; something dissimilar, inappropriate or unsuitable.

Related Terms

  • recognition
  • disclosure

Examples of mismatch in the following topics:

  • Differences Between Accrued and Deferred Expenses

    • Accrued expenses and deferred expenses are two examples of mismatches between when expenses are recognized under the matching principle and when those expenses are actually paid.
  • Current Guidelines for Revenue Recognition

    • By following the matching principle, businesses reduce confusion from a mismatch in timing between when costs (expenses) are incurred and when revenue is recognized and realized.
  • Importance of Recognition and Measurement

    • It reduces noise from the timing mismatch between when costs are incurred and when revenue is realized.
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