The elements relating to the financial position of an entity/ business are the main element headings that make up the...

A resource that is controlled by a business (entity) as a result of a past transaction/ event and is expected...

It stands for right-of-use asset; the right (license) that is granted by a lessor to a lessee to hold, operate...

The right (license) that is granted by a lessor to a lessee to hold, operate or occupy a leased asset...

A type of business transformation whereby a company changes the very nature of an asset: by replacing/ exchanging it for...

An asset that is held primarily for consumption (end-user needs) and not usually for investment or resale. Examples include different...