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...

Transactions In accounting, transactions (as a financial reporting reflection of transactions, events or conditions involving an entity operations and activities,...

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 a transaction (see: transaction classes) reflecting recurring financial activities recorded in the...

Non-routine accounting estimate: concept A non-routine accounting estimate is an accounting estimate that is not made on a routine basis...