A financial asset, other than loans and accounts receivable (A/Rs), with a fixed maturity and determined or determinable payments, that...
Broadly defined, it is a liability that results in an outflow of monetary assets or other financial assets. Specifically, it...
An option that allows an entity to change its financial year (reporting year) to accommodate certain seasonality effects in business...
It stands for fiscal year option/ financial year option; an option that allows an entity to change its financial year...
An option that allows an entity to change its financial year (reporting year) to accommodate certain seasonality effects in business...
It stands for fair value option; an option or alternative for an entity to use fair value (FV) as a...
An option or alternative for an entity to use fair value (FV) as a basis for recording its financial assets/...
It stands for current cost accounting; an accounting method (valuation method) that uses current cost as a measure of value....
An accounting method (valuation method) that uses current cost as a measure of value. It is designed to realistically enhance...
It stands for realizable cost savings (or realized cost savings); the amount by which the current cost of the assets...
