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...

It stands for realizable cost savings (or realized cost savings); the amount by which the current cost of the assets...

The amount by which the current cost of the assets held by an entity in the current period increases. This...

A sort of deprival value for a liability (only used for the measurement of specific types of liabilities). It is...

The ability of financial information to be verified (verifiability) and applied to the benefit of users of financial statements, delivering...

An accounting rule that an entity applies to govern specific classification and measurement considerations in all cases, excluding a substantiated...

The currency in which the financial statements of an entity are prepared and presented. It is the currency that an...

It stands for replacement value; the replacement value of an asset is the cost that entity (broadly, the user) has...