An accounting standards' requirement that an entity's financial statements should be presented in a fair way to all relevant users...

The risk of financial loss that arises from a possible future change in a financial/ economic variable or more, such...

It stands for true and fair view; in connection with an audit report (auditor's opinion) on an entity's financial statements...

In connection with an audit report (auditor's opinion) on an entity's financial statements and accounts, true and fair view is...

The risk that arises when financial statements do not reflect a true and fair view of an entity's financial position...

An accounting method that involves recognition of income as earned and expenses as incurred irrespective of actual cash flows, in...

A temporary contra equity account with a "debit balance" that decreases the typical "credit balance" of an owners' equity capital...

It stands for replacement value; the replacement value of an asset is the cost that entity (broadly, the user) has...

An ownership interest in an entity. Broadly, equity interest refers to ownership interest of investor-owned entities, which is evidenced by...

A financial instrument that can be split into equity and liability components from the issuer's perspective. A compound instrument is,...