An asset (typically a financial asset/ intangible asset) that is subject to an amortization scheme whereby its amortized cost is...

An asset (typically a financial asset/ intangible asset) that is subject to an amortization scheme whereby its amortized cost is...

The monetary amount at which a financial asset or financial liability is measured at the time it is first recognized...

It stands for arm's length principle; a market standard that assumes a normal transaction to be one which is entered...

A market standard that assumes a normal transaction to be one which is entered into by and between two unrelated...

A transaction which is entered into by and between two unrelated and well-informed parties, that is, those who have no...

The systematic process of allocating the amortized amount/ amortized cost (the principal) of a financial asset (broadly any intangible asset)...

It stands for actual cost; broadly speaking, it is the exact amount of expense that is incurred in connection with...

Broadly speaking, it is the exact amount of expense that is incurred in connection with an operation/ requirement as opposed...

An accounting method that is applied as an inventory control for the practical purpose of categorizing inventory by order of...