An entity in which another entity owns or holds a minority interest (non-controlling interest). An investment in an affiliate is...

A liquidity ratio that expresses the ability of a company to meet its current obligations. It is a measure of…

A set of principles and directions that govern a specific aspect of accounting for an entity, product, instrument, transaction, event,...

A non-statutory reserve that is created by virtue of the application of accounting policy for non-financial assets such as property,...

It stands for accounting rate of return; a method that is used as part of capital budgeting decision making whereby...

A method that is used as part of capital budgeting decision making whereby a rate of return for a project...

Earnings of an entity as reported and presented in its statement of income (SOI). Accounting earnings, also known as net...

The ease and quickness with which non-monetary assets (generally, all types of assets excluding monetary assets) can be converted to...

A situation that occurs when an entity's total book liabilities (liabilities recognized in book value) exceed  the total book value...

A situation that arises when accounting revenues/ revenues equal (i.e., break even with) accounting expenses/ expenses, making net income (and...