In accounting, substance (economic substance) of a transaction means its actual or original nature, irrespective of the way it is...

An audit that is mandated by a statute- a statute is a law or regulation passed by a legislative authority...

A type of accounting information that is provided to users of financial statements (by means of supplementary statements), over and...

A statement that provides "supplementary information" to users of financial statements such as statements of charity (donations) or subsidized lending...

The amounts of funds that have been provided by owners (stockholders) of a business (firm) as well as their claims...

A ratio that relates tangible net worth to total tangible assets. It reflects the extent to which tangible assets are...

A disclosure technique or approach that provides a detailed itemization of the contents of an entity's accounts or financial statements....

A stake in an entity is partial ownership or a position that entitles its holder to gain when the entity...

An allowance (provision) that is set up for expected credit losses (ECLs) on specific unimpaired loan/ receivables and other exposures...

The profit that is made by a division, a segment, or a unit within an entity. Principally, a standalone profit...