A primary statement of an entity that presents a snapshot of its financial position at a given point in time,...

It stands for bad debt reserve; a contra asset that represents management's estimate of the amount of accounts receivable (A/Rs)...

A contra asset that represents management's estimate of the amount of accounts receivable (A/Rs) that will not be paid back...

The amount that an entity or broadly a market participant is willing to pay as a consideration for purchasing an...

A transaction or other event that involves an acquisition by an entity (known as an acquirer- an investor entity) of...

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

A type of accounting restatement that involves the correction of a material error to the prior period financial statements, requiring...

Ii stands for below-the-line items; items of financial statements that have a financial impact, though not directly related to the...

A type of intangible assets that are assigned for internal use (rather than other external use intangibles such as patents,...

One of the methods of creative accounting that constitutes a host of procedures taken by an entity's management to substantially...