A transaction that takes place when two entities belonging to the same legal parent engage in certain activities with each...

Concept of intercompany accounting Intercompany accounting is defined as the processing and accounting for a corporate group’s internal financial activities...

An acronym for intercompany accounting; the processing and accounting for a corporate group’s internal financial activities and events that impact...

The processing and accounting for a corporate group’s internal financial activities and events that impact multiple business units and subsidiaries...

A loan that is extended within a parent (corporate group) from one business unit (or subsidiary) to another. The business...

Derivative financial instruments: concept A derivative financial instrument is a type of financial instrument that has financial securities (such as...

Fair value accounting estimates Fair value accounting estimates are accounting estimates made using a method of measurement prescribed by the...

Fair value accounting estimates Fair value accounting estimates are those accounting estimates made using a method of measurement prescribed by...

It stands for investment fluctuation reserve; a type of reserve that is created and maintained as a cushion against any...

A type of reserve that represents amounts of money set aside to be used for payment of warranty claims made...