The ability of an entity to direct the relevant activities of another entity by having existing rights in specific aspects...

An entity that is established to invest on behalf of others. An investment entity obtains funds from investors for the...

The income of an entity that is provided by long-term investments. This income, or current earnings, comes out in the...

A tax deduction that an entity claims for the natural wear and tear of its assets (tangible assets) over their...

The value at which an entity reports an asset on its balance sheet (statement of financial position). It is calculated...

It stands for net book value; the value at which an entity reports an asset on its balance sheet (statement...

The value at which an entity reports an asset on its balance sheet (statement of financial position). It is calculated...

The state of being significant in impact. Significant implies anything (e.g., an amount, occurrence, transaction, etc.) that has the potential...

Notes that are payable by an entity. Notes payable constitute a formal borrowing agreement, or promissory note, between an entity...

The process of reducing part of the balance of an asset due to occurrence of some economic event that negatively...