Derivative financial instruments: concept A derivative financial instrument is a type of financial instrument that has financial securities (such as...
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...
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...
Non-routine accounting estimate: concept A non-routine accounting estimate is an accounting estimate that is not made on a routine basis...
Faithful representation Faithful representation is an accounting concept (or principle) that entails that an entity's financial statements shall be prepared...
An accounting estimate is a monetary amount for which the measurement of value is subject to estimation uncertainty, all in...