Concept of estimation uncertainty In the context of accounting estimates, estimation uncertainty refers to the susceptibility of the estimate and...

Transactions In accounting, transactions (as a financial reporting reflection of transactions, events or conditions involving an entity operations and activities,...

Transactions In accounting, transactions (as a financial reporting reflection of transactions, events or conditions involving an entity operations and activities,...

Routine transactions In accounting, a routine transaction represents a transaction (see: transaction classes) reflecting recurring financial activities recorded in the...

Non-routine accounting estimate: concept A non-routine accounting estimate is an accounting estimate that is not made on a routine basis...

Faithful representation Faithful representation is an accounting concept (or principle) that entails that an entity's financial statements shall be prepared...

An accounting estimate is a monetary amount for which the measurement of value is subject to estimation uncertainty, all in...

Write-down represents a reduction in the carrying value/ amount of an asset to reflect and record a decline in its...

Write-down represents a reduction in the carrying value/ amount of an asset to reflect and record a decline in its...

For a company’s main business activities, income and expenses arising during a specific period of time are classified into three...