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FMV

It stands for fair market value; the price that agreed by a buyer and a seller for a specific asset...

NCI

It stands for non-controlling interest; a stake in an entity that constitutes less than 50% of the total shares that...

FVTOCI

It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...

FVOCI

It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...

IRR

It stands for investment risk reserve; a reserve that is created by an Islamic bank by appropriating a specific amount out of...

ALP

It stands for arm's length principle; a market standard that assumes a normal transaction to be one which is entered...

AC

It stands for actual cost; broadly speaking, it is the exact amount of expense that is incurred in connection with...

ABC Inventory Classification

An accounting method that is applied as an inventory control for the practical purpose of categorizing inventory by order of...

ABC

An accounting method that is applied as an inventory control for the practical purpose of categorizing inventory by order of...

MVA

It stands for market value added; a measure of value that uses the notion of market value: it compares an...