A multi-level prioritization system (hierarchy) that groups the inputs used in valuation techniques (particularly for fair value calculation/ estimation) into...

The transactions that an entity carries out involving income and expense items. Examples of financing activities or transactions include issuing…

It stands for fair value accounting; an accounting method that is based on the use of fair value (FV); it...

An accounting method that is based on the use of fair value (FV); it involves recognizing and measuring an entity's...

An accounting method that is based on the use of fair value (FV); it involves recognizing and measuring an entity's...

It stands for fair value through profit and loss (FVTPL); a method of measuring financial assets/ financial liabilities whereby changes...

A liability that is not a current liability. By nature, it is a liability (financial obligation) that is not due...

It stands for fair value less cost to sell; a type of net recoverable amount where the value of an...

A category of reserves that are available for distribution as dividends (as of the latest audited balance sheet of an...

An audit that is carried out by an external auditor as per the requirements of a statute- a statute is...