Concept of intercompany transaction An intercompany transaction is defined as a transaction that takes place when two entities belonging to...

Concept of intercompany transaction An intercompany transaction is defined as a transaction that takes place when two entities belonging to...

Concept of intercompany accounting Intercompany accounting is defined as the processing and accounting for a corporate group’s internal financial activities...

Derivative financial instruments: concept A derivative financial instrument is a type of financial instrument that has financial securities (such as...

Fair value accounting estimates Fair value accounting estimates are accounting estimates made using a method of measurement prescribed by the...

Fair value accounting estimates Fair value accounting estimates are those accounting estimates made using a method of measurement prescribed by...

Tawarruq in concept Tawarruq (Islamic monetization) is a transaction whereby a person buys an asset/ commodity from a seller on...

Written representations defined Written representations represent a written statement that is served by an entity’s management to its auditors with...

Concept of management bias Management bias is typically defined as a lack of neutrality by an entity’s management as to...

Concept of estimation uncertainty In the context of accounting estimates, estimation uncertainty refers to the susceptibility of the estimate and...