It stands for right-of-use asset; the right (license) that is granted by a lessor to a lessee to hold, operate...

The right (license) that is granted by a lessor to a lessee to hold, operate or occupy a leased asset...

A business carries out investing activities to build its productive capacity needed for its operations. Operating activities which are carried...

A business makes investments to secure resources that will allow it to build productive capacity and deliver on its value...

Previously known as balance sheet, it is a detailed projection of the assets, liabilities, and owners' equity of a business...

It stands for statement of financial position; previously known as balance sheet, it is a detailed projection of the assets,...

The gradual diminution, loss or decrease in the utility value of an asset as resulting from wear and tear. Depreciation...

A financial ratio that is constructed using inputs (numbers) from more than a financial statement, particularly income statement and balance...

An accounting concept that associates revenue generated in a specific period with all the costs/ expenses incurred or necessary to...

An accounting basis of recording transactions and events whereby recognition of revenues and expenses takes place when an economic exchange...