An illustrative or illustrative statement is a financial statement that prepared on the basis of specific assumptions and projections, rather...

A financial statement that prepared on the basis of specific assumptions and projections, rather than on actual past transactions/ events/...

A financial statement that prepared on the basis of specific assumptions and projections, rather than on actual past transactions/ events/...

The loss in value that results from impairment. More specifically, it is the amount by which the carrying amount (book...

A period of time during which an entity is not allowed to classify any financial assets as held to maturity...

A type of share capital that represents ownership in an entity through the issue of its common shares (ordinary shares)....

The capital contribution by shareholders which reflects the par value of all equity securities, including common shares and preferred stock....

It stands for held-to-maturity investment; an investment in debt securities whose holder intends and has the ability to hold till...

An investment in debt securities whose holder intends and has the ability to hold till maturity. In practice, such investments...

The act or process of taking on or assuming (incurring) a debt/ liability. It also refers to incurring costs: incurred...