The net monetary amount that would be received if an asset is sold today in the ordinary course of business...

A type of hedge that is applied to foreign currency exposure in order to eliminate or reduce the risks associated...

It stands for fair value hedge; a hedge that accounts for the changes in the fair value of a recognized...

It is a component of internal control in an entity. It sets the tone of the entity and affects how...

It stands for above the line; in the income statement (profit and loss/ PnL) it describes income and expenditure (expenses)...

An accounting technique whereby accounts are classified according to their aging- i.e., due dates or billing dates, in order to...

In the income statement (profit and loss/ PnL) it describes income and expenditure (expenses) before taxes; it is said that...

A hedge that aims to mitigate the risks associated with future cash flows (e.g., the risk of change in foreign...

A hedge that accounts for the changes in the fair value of a recognized asset or liability or that of...

A special accounting treatment (measurement/ recognition, etc.) that is applied to match the timing of profit or loss recognition (profit...