It stands for net realizable value; the net monetary amount that would be received if an asset is sold today...

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...