Transactions In accounting, transactions (as a financial reporting reflection of transactions, events or conditions involving an entity operations and activities,...
Routine transactions In accounting, a routine transaction represents is a transaction (see: transaction classes) reflecting recurring financial activities recorded in...
Non-routine accounting estimate: concept A non-routine accounting estimate is an accounting estimate that is not made on a routine basis...
Faithful representation Faithful representation is an accounting concept (or principle) that entails that an entity's financial statements shall be prepared...
An accounting estimate is a monetary amount for which the measurement of value is subject to estimation uncertainty, all in...
Write-down represents a reduction in the carrying value/ amount of an asset to reflect and record a decline in its...
Write-down represents a reduction in the carrying value/ amount of an asset to reflect and record a decline in its...
For a company’s main business activities, income and expenses arising during a specific period of time are classified into three...
In accounting, comparability refers to the quality of accounting information that makes an entity’s reporting about its performance, from different...
A non-financial variable specific to a party is an item whose value or performance changes in reaction to non-financial risks...
