A reserve (reserve account) that an entity creates out of its profits for any currently specified or unspecified future purpose....

The basic principles that determine the timing of recording (recognizing) revenue, expense, gain, and loss in the statement of income...

It stands for current replacement cost; the amount for which an asset could be replaced with another that has identical...

The amount for which an asset could be replaced with another that has identical service potential (useful life, features, etc.)....

The amount for which an asset could be sold as of a given date in an arm's length transaction. Differently...

A method of accounting that records all assets at a set of value measures (asset valuation bases) such as current...

The accounting treatment of a reserve. The account (e.g., retrained earnings account) from which a reserve is being appropriated will...

A financial reporting period that constitutes a part of a full accounting year. It is a part of the current...

A part of the current accounting year that has passed away or is reportable for the time being. In many...

An account that appears on liability and owners' equity side of the statement of financial position (balance sheet) constituting appropriation...