The difference between an asset’s cost and its salvage value. Depreciable base is a key input in the calculation of...

A method of depreciation that involves calculating depreciation or amortization by expensing an asset (financial asset, in the case of...

The power over assets or business that is expected to be attained in the future. More specifically, an entity controls...

A type of control that entails power over assets or business at the present time and for the current financial...

Broadly speaking, control is the power/ authority to direct and manage (people's behavior, course of events, things, etc.) In accounting,...

It stands for date of initial recognition; the reference date (initial recognition) that is used to assess and determine a...

The reference date (initial recognition) that is used to assess and determine a significant increase in credit risk (SICR). This...

It stands for hold to collect; a business model that an entity applies with the objective to hold a financial...

It stands for hold to collect and sell; a business model with an objective to contractual cash flows from financial...

It stands for held for sale; a category or designation of assets that an entity currently holds on its balance...