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...

Written representations defined Written representations represent a written statement that is served by an entity’s management to its auditors with...

Concept of management bias Management bias is typically defined as a lack of neutrality by an entity’s management as to...

Concept of estimation uncertainty In the context of accounting estimates, estimation uncertainty refers to the susceptibility of the estimate and...