Net tangible assets (NTAs) are an entity's total assets less intangible assets such as goodwill, all liabilities and the par...

A prepaid income tax is an asset, recorded on the balance sheet of an entity as a prepaid item, representing...

Deferred cost is a cost that has already been incurred by an entity, but which corresponds to more than one...

A derivative is a financial instrument or agreement/ contract whose value changes in reaction to the change in a specific...

Gross revenue (also gross sales) is the monetary amount that an entity earns from sales of products/ services (i.e., its...

A financial liability is a liability that results in an outflow of monetary assets or other financial assets. Specifically, it...

A financial asset is an asset that has no physical characteristics, but rather derives its value from a monetary basis,...

A financial asset is an asset that has no physical characteristics, but rather derives its value from a monetary basis,...

Debt/ equity bifurcation is the splitting of specific, purported debt instruments into part debt and part equity and the treatment...

Differential cost and incremental cost are two different concepts, though at times they are interchangeably used. The former is defined...