The price that agreed by a buyer and a seller for a specific asset or liability, in the open market...

The fair value of an asset is the price that would be received to sell an asset in an orderly...

The fair value of a liability is the price that would be paid to transfer a liability in an orderly...

An asset that has no physical characteristics, but rather derives its value from a monetary basis (monetary asset such as...

It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...

It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...

The gains/ losses resulting from assets measured at fair value due to changes in fair value-measured amounts. These changes are...

The net income (NI) or net earnings an entity earns after deducting all monetary costs from total revenue. It reflects...

An accounting concept / accounting principle that requires adequate or complete disclosure of all significant (material) matters / issues/ events...

An accounting concept / accounting principle that requires adequate or complete disclosure of all significant (material) matters / issues/ events...