A type of reserve (a non-cash reserve) that is created by an entity to account for any increases in asset...

A subcategory of equity capital that cannot be distributed to equity holders (shareholders) unless an entity considering doing so complies...

In connection with assets (tangible assets / fixed assets or intangible asset such as goodwill), it is the amount that...

A two-way exchange of economic resources; a transfer of assets/ liabilities in exchange for equal value (or approximately equal value)....

A party (person, entity) that has a connection with an entity (a reporting entity) preparing its financial statements. This connection...

The replacement value of an asset is the cost that entity (broadly, the user) has to incur in order to...

The replacement cost of an asset is the cost that entity (broadly, the user) has to incur in order to...

For an asset (typically a tangible asset), it is the estimated proceeds from disposal of the asset less all relating...

A transaction that is entered into by two parties who are related, i.e., they have some sort of connection prior...

An accounting concept that calls for accounting information (as reflected in the financial reports) to be available in such a...