It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...

The gains/ losses resulting from assets measured at fair value due to changes in fair value-measured amounts. These changes are...

It stands for arm's length principle; a market standard that assumes a normal transaction to be one which is entered...

A market standard that assumes a normal transaction to be one which is entered into by and between two unrelated...

A transaction which is entered into by and between two unrelated and well-informed parties, that is, those who have no...

A market where transactions involving an asset or a liability occur in a frequency and volume enough to establish a...

The process whereby an entity determines the monetary amounts at which the various elements of its financial statements (assets, liabilities,...

A present obligation of an entity towards others (creditors, investors, and other stakeholders), that arises from a past transaction/ event,...

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

It stands for fair value; the price / exchange price (an amount measured in currency units- CUs) at which an...