A general ledger account (GL account) that does not close at the end of the accounting year (as opposed to...

The losses that arise from a general fall in market prices that are not specific to a particular asset or...

A pricing method that derives the current value of a partially depreciated long-lived asset indirectly from the cost of a...

The process of establishing a particular path or direction for an item (of a financial statement) towards final destination of...

A form of share capital that represents the maximum amount of share capital that an entity is legally allowed to...

A lease's remaining carrying value after it has been fully depreciated at the end of its term. This value reflects...

The capital gains that an entity realizes when it sells its capital asset(s)- that have already increased in value to...

The restatement of an entity's financial statements that is prompted by discovery of an accounting error (material error) in prior...

The financial liabilities that originate from borrowing money (monetary assets). The received loans and any amounts payable out of which...

A measurement or recognition inconsistency (mismatch) that arises from using different measurement models for asset or liability values or different...