SSARS Definition

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SSARS see Statements on Standards for Accounting and Review Services.

Learn new Accounting Terms

NOPLAT is Net Operating Profit Less Adjusted Taxes.

INCOME SMOOTHING refers to measures taken to reduce the probability of income shocks before they occur, and includes strategies like diversifying income sources; making low-risk production and employment choices; building up physical, human, and social assets; and ensuring good financial management.

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