A type of accounting restatement that involves the correction of an immaterial error to the prior period financial statements. Notwithstanding...

An accounting ratio that relates an entity's current assets, liquid assets, or highly liquid assets (absolute liquid assets) to its...

Broadly speaking, it is the risk that losses may be incurred due to difficulty converting assets into money. More specifically,...

The distinct title of an accounting entry or account as it appears on its own line in a bookkeeping ledger...

It stands for lifetime expected credit losses; the expected credit losses (ECL) that would result from all possible default events...

The expected credit losses that would result from all possible default events to occur over the entire expected life of...

A synonym for noncurrent liability; a liability that is not a current liability. By nature, it is a liability (financial...

A synonym for non-current asset; an asset that is not a current asset; typically, it has a long-term life and...

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

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