Interest, as a term, may have different connotations in different contexts and uses. In a given context, it refers to...

A reporting entity is an entity that is expected and required to address the information needs of a general group...

A reporting entity is an entity that is expected and required to address the information needs of a general group...

Fair presentation is an accounting standards’ requirement that an entity’s financial statements should be presented in a fair way to...

A rebuttable presumption is an accounting rule that an entity applies to govern specific classification and measurement considerations in all...

An allowance is a contra asset or an amount to be deducted from an asset account to reflect a particular...

Non-monetary transactions are exchanges and nonreciprocal transfers that involve no monetary assets or liabilities (non-monetary assets/ non-monetary liabilities), or at...

The term "significance" (i.e., the state of being significant) implies anything (e.g., an amount, occurrence, transaction, etc.) that has the...