All items (assets and liabilities) that are not reported on the statement of financial position (balance sheet) of an entity....

It stands for off balance sheet; all items (assets and liabilities) that are not reported on the statement of financial...

A contract whose costs outweigh its potential benefits. More specifically, the unavoidable costs of meeting the obligations under this contract...

A transaction that involves an exchange of an asset or liability between market participants assuming that such an asset/ liability...

A lease contract that provides a lessee the right to use an asset without enjoying the benefits of ownership. The...

A business carries out investing activities to build its productive capacity needed for its operations. Operating activities which are carried...

The income (revenue and expense items) that results from changes in net assets that involve no transactions with owners, and...

It stands for other comprehensive income; the income (revenue and expense items) that results from changes in net assets that...