Future Performance

Executory Contract
An executory contract is an agreement that has not been fully accomplished or completed, but remains contingent upon the occurrence of some future event or performance of some future act.
Leading Measures
Leading measures are predictive indicators that precede an outcome or result, typically used to forecast future performance and guide decision-making processes. These metrics enable organizations to take proactive actions to achieve desired results.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.