👉 In accounting, "exceedable" refers to a financial statement that is considered to have exceeded its original forecasted value. It is typically used in conjunction with a revenue recognition period and allows for adjustments or exceptions based on actual results. For example, if a company has made an overpayment of expenses during the current fiscal year due to unforeseen circumstances, it could be presented as "exceedable" under accounting standards. This would allow the company to adjust its financial statements accordingly in the future
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