In today’s society, risk and risk management are unavoidable topics, whether it is a macro field or a micro field, whether it is an individual or a family, whether it is an enterprise or an industry, whether it is a government or a society. This is not surprising, since...

What type of account is prepaid insurance on the balance sheet? 2022 Certain expenses, such as taxes and insurance, are paid in one lump sum during a specific accounting period. Earnings on these payments extend over a single accounting period, so it would not be accurate to...