An asset that has no physical substance. Typically, intangible assets are non-physical and non-monetary assets. For example, marketable securities and...

The current commitment of money, assets and other resources in the anticipation of future gains and benefits. An investor forgoes...

It stands for effective interest method; an method/ technique whereby the amortized cost of a financial asset or a financial...

An method/ technique whereby the amortized cost of a financial asset or a financial liability is calculated to the effect...

A party to a joint operation that enjoys joint control (as to the joint arrangement) and as a result has...

A joint arrangement that confers on the parties (known as joint operators) enjoying joint control (as to the arrangement) specific...

A type of control in which two parties or more contractually agree to share control of an arrangement (which is...

An asset that is held for sale, separately or as part of other assets, in the normal course of business....

Broadly speaking, control is the power/ authority to direct and manage (people's behavior, course of events, things, etc.) In accounting,...

The estimated amount that the owner of an asset would earn, in the present, from disposal of that asset, less...