The amount for which an asset could be sold as of a given date in an arm's length transaction. Differently...

A method of accounting that records all assets at a set of value measures (asset valuation bases) such as current...

An accounting concept that calls for establishing a level of conformity in all accounting treatment, methods, policies and procedures across...

An accounting assumption that holds that an entity would continue in business indefinitely or for the foreseeable future (a minimum...

A financial statement (FS) that lays out a minimum content for interim financial reporting requirements. This is meant to provide...

A financial statement that lays out a minimum content for interim financial reporting requirements. This is meant to provide a...

A contra account for revenues, i.e., a revenue account that has a debit balance, rather than the credit balance of...

A contra account for revenues, i.e., a revenues account that has a debit balance, rather than the credit balance of...

A financial statement that lays out a minimum content for interim financial reporting requirements. This is meant to provide a...

A liability (financial obligation) that arises from an entity's actions and the others' expectations built on such actions where the...