The amount by which revenues of an entity exceed variable costs (including those relating to production, selling, and administration). This...

An asset (typically a financial asset/ intangible asset) that is subject to an amortization scheme whereby its amortized cost is...

The systematic process of allocating the amortized amount/ amortized cost (the principal) of a financial asset (broadly any intangible asset)...

The regular costs which are incurred by an entity in the normal conditions of operation. Normal cost consists of actual...

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

Broadly speaking, it is the exact amount of expense that is incurred in connection with an operation/ requirement as opposed...

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

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

An accounting concept that calls for accounting information (as reflected in the financial reports) to be available in such a...

Broadly speaking, it is the final total of an account or a financial statement (specifically the statement of financial position...