Filter by Categories
Accounting
Banking

Conservatism

An accounting principle that calls for the financial statements of an entity to reflect and represent the most conservative figures...

Materiality

A general concept that draws a dividing line between issues/ events that are important and issues that are not for...

ALP

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

Arm’s Length Principle

A market standard that assumes a normal transaction to be one which is entered into by and between two unrelated...

Relevance Concept

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