The risk that arises from an error, omission or misstatement in a financial statement due to an inherent factor (other...

The right (or a set of rights), the obligation (or a set of obligations), or a set of rights and...

In relation to insurance accounting (and aggregation of insurance contracts), it involves the determination of the unit of account to...

The level of detail at which an estimate is made, and the level of detail at which an entity has...

An arrangement that arises between at least two parties who have joint control. In other words, it that arrangement where...

A joint arrangement in which the parties (i.e., joint venturers) in possession of joint control (of the underlying arrangement) have...

Expenses that relate to future periods but are paid in the current financial period (i.e., in advance). Examples of prepaid...

It stands for net charge-off; the difference between the amount of gross charge-offs (GCO), or simply charge-offs, and any recoveries...

The difference between the amount of gross charge-offs (GCO), or simply charge-offs, and any recoveries of a delinquent debt. The...

An acronym for provision for credit losses; a provision that is created (set aside) by an entity, as an amount...