Depreciation of fixed assets (tangible assets) that involves the allocation of the cost of an asset over its useful life....

It stands for accounts receivable; money that is owned to an entity by its customers for economic resources (goods/ services)...

Money that is owned to an entity by its customers for economic resources (goods/ services) that have been sold and...

An event, favorable or unfavorable, that takes place after the reporting period, specifically between the end of the period and...

The revision and re-release of the financial statements of a prior period because of changes in accounting principles arising out...

The effect of a situation opposite to dilution. Specifically, it denotes an increase in earnings per share (EPS) or a...

The effect of a situation opposite to dilution. Specifically, it denotes an increase in earnings per share (EPS) or a...

The act/ process of setting aside money for a specific use/ purpose. For example, reserves are created by setting aside...

Those retained earnings (RE)- i.e., retained profits- of an entity puts set aside (appropriates/ by appropriation) for a specific use...

A method of accounting whereby an entity recognizes its income and expenses on the general ledger on an accrual basis-...