It stands for general purpose financial reporting; financial reporting that aims to accommodate the common information needs of a variety...

Financial reporting that aims to accommodate the common information needs of a variety of users, rather than a specific set...

It stands for general-purpose financial statement; a set of financial statements that is prepared and issued throughout a reporting period...

A set of financial statements that is prepared and issued throughout a reporting period year to provide general financial information...

An impairment test for goodwill with indefinite useful life. This test is typically carried out on an annual basis, by...

The loss in goodwill that may result from a host of internal and external sources. In accounting, this is recorded...

The loss in an entity's goodwill that occurs when the carrying value of the net assets of the entity or...

An impairment testing for goodwill with indefinite useful life. This testing is typically carried out on an annual basis, by...

The systematic process of gradually reducing the amount of a goodwill asset by recording a periodic amortization charge. In accounting...

An asset (intangible asset) whose value is reflected in the amount by which the assets of an entity exceed their...