A written statement that is served by an entity’s management to its auditors with the purpose of confirming certain matters...

A test for impairment is an assessment exercise carried out an entity to determine the possible existence of impairment losses...

It stands for date of initial recognition; the reference date (initial recognition) that is used to assess and determine a...

The reference date (initial recognition) that is used to assess and determine a significant increase in credit risk (SICR). This...

It stands for off-balance sheet exposure; any item that carries a risk of financial loss (and its corresponding revenue generation...

Designating an item as at fair value through profit and loss (FVTPL); a method of measuring financial assets/ financial liabilities...

Any item that carries a risk of financial loss (and its corresponding revenue generation or profit making potential). An exposure...

An acronym for designated as at fair value through profit and loss; designating an item as at fair value through...

Designating an item as at fair value through profit and loss (FVTPL); a method of measuring financial assets/ financial liabilities...

In accounting, GL stands for general ledger; a bookkeeping ledger in which accounting figures (related to transactions and events) are...