Previously known as balance sheet, it is a detailed projection of the assets, liabilities, and owners' equity of a business...

It stands for statement of financial position; previously known as balance sheet, it is a detailed projection of the assets,...

The gradual diminution, loss or decrease in the utility value of an asset as resulting from wear and tear. Depreciation...

A financial ratio that is constructed using inputs (numbers) from more than a financial statement, particularly income statement and balance...

An accounting concept that associates revenue generated in a specific period with all the costs/ expenses incurred or necessary to...

In the income statement (profit nd loss/ PnL) it describes all expenditure (expenses) incurred by a firm before taxes and...

In the income statement (profit nd loss/ PnL) it describes all expenditure (expenses) incurred by a firm before taxes and...

Items of financial statements that have a financial impact, though not directly related to the core business/ operations of a...

Disclosures that relate to financial information not appearing in the core accounts of a business (balance sheet, income statement, and...

In the income statement (profit and loss/ PnL) it describes income and expenditure (expenses) after taxes and other non-operating items,...