A commitment for which an entity has to incur unavoidable costs to meet the corresponding contractual obligation in excess of...

In accounting, misstatement may come in varying degrees, including mainly material misstatement and immaterial misstatement. Material misstatement arises from the...

A situation that arises when a transaction or event has not been recorded or treated correctly in an entity's financial...

It stands for indirect non-controlling interest; a type of non-controlling interest (NCI) that entails that non-controlling shareholders will only get...

A type of non-controlling interest (NCI) that entails that non-controlling shareholders will only get profits corresponding to their respective share...

It stands for direct non-controlling interest; a type of non-controlling interest (NCI) that entails, in the case of acquisition, a...

A type of non-controlling interest (NCI) that entails, in the case of acquisition, a proportionate allocation of all recorded equity...

Fair value (FV), as a measurement base, may not be always available due to specific reasons or factors. Alternative values...

Fair value (FV), as a measurement base, may not be always available due to specific reasons or factors. Alternative values...

A form of minority interest/ non-controlling interest (NCI) that involves active participation by the holders in an entity's management and...