It stands for fair presentation; an accounting standards' requirement that an entity's financial statements should be presented in a fair...

It stands for true and fair view; in connection with an audit report (auditor's opinion) on an entity's financial statements...

It stands for replacement value; the replacement value of an asset is the cost that entity (broadly, the user) has...

It stands for net book value; the value at which an entity reports an asset on its balance sheet (statement...

It stands for accounts receivable; money that is owned to an entity by its customers for economic resources (goods/ services)...

It stands for cash and cash equivalents; in accounting, cash and cash equivalents are the most liquid current assets as...

Ii stands for below-the-line items; items of financial statements that have a financial impact, though not directly related to the...

It stands for framework; a collection of fundamental concepts for general purpose financial reporting that is developed and used by...

It stands for equity method accounting; an accounting method for treating investments in associates (associate companies). Equity accounting is usually...

It stands for conceptual framework; a collection of fundamental concepts for general purpose financial reporting that is developed and used...