A transaction that takes place when two entities belonging to the same legal parent engage in certain activities with each...

An acronym for intercompany accounting; the processing and accounting for a corporate group’s internal financial activities and events that impact...

The processing and accounting for a corporate group’s internal financial activities and events that impact multiple business units and subsidiaries...

It stands for investment fluctuation reserve; a type of reserve that is created and maintained as a cushion against any...

A reserve that is created and maintained as a cushion against any possible reversal of interest rate trajectory on unexpected...

A test for impairment is an assessment exercise carried out an entity to determine the possible existence of impairment losses...

Losses that reflect the expected or potential credit losses that may arise as to an entity's financial assets due to...

A provision that is created for impairment losses arising from loans, receivables, and similar types of extended credit. Impairment losses...

In general, initial recognition is the recognition of an item (e.g., asset, expense, etc.) that would occur if an entity...

An account that is not held in the name of a certain person (natural or legal person). Such an account...