Accounting Dictionary
Time Value of Money
The Time Value of Money concept says that a dollar received today is worth more than a dollar received in the future.
If you receive money two years from now you have lost two years worth of interest on that money. It is better to get the cash now and earn interest.
https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/time-value-of-money/
Sign Up to Learn More!
Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!