A resource that is controlled by a business (entity) as a result of a past transaction/ event and is expected...

It stands for fair value; the price / exchange price (an amount measured in currency units- CUs) at which an...

The price / exchange price (an amount measured in currency units- CUs) at which an asset could be exchanged in...

The process of reclassifying gains or losses from equity (fair value changes) to P&L (statement of profit and loss, SOPL)...

The process of reclassifying gains or losses from equity (fair value changes) to P&L (statement of profit and loss, SOPL)...

A single account that controls a set of subsidiary accounts. In other words, it summarizes the subsidiary accounts in order...

An account whose balance is opposite the balance in its related account (the so-called paired account). For instance, accumulated depreciation...

It stands for gross carrying amount; the amortized cost of an asset, before adjusting for any loss allowance (without deduction...

A contract in which an owner of property/ usable asset (a lessor) places it at the disposal of another party...

A type of lease in which a financier (a finance company, a bank) is and remains the legal owner of...