It stands for modified historical cost; an enhanced version of historical cost (HC) where specific assets/ liabilities are recognized at...

It stands for historical cost; the original cost (acquisition price and other necessary costs) of an asset (and broadly any...

It stands for event of default; an occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to...

It stands for off-balance sheet financing; a method of financing (and an accounting strategy) that involves recording certain assets, liabilities,...

It stands for off-balance sheet financing; a method of financing (and an accounting strategy) that involves recording certain assets, liabilities,...

It stands for foreign currency translation reserve; a type of reserve that is created to account for foreign currency translation...

It stands for integrated reporting or integrated report; a type of comprehensive reporting that provides material information about an entity's...

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

It stands for true and fair override; a provision/ condition (embedded in accounting standards) that calls for departure from the...

It stands for non-financial risk; all of the risks which are not part of the broad universe of financial risks...