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Non-Monetary Asset

An asset that is not a monetary asset. It is an asset that is not in a monetary form: it...

Monetary Asset

A type of financial asset that constitutes money (cash) held in, and assets whose value can be converted into, a...

Financial Asset

An asset that has no physical characteristics, but rather derives its value from a monetary basis (monetary asset such as...

Interim Financial Statement

A complete or condensed financial report/ financial statement that is prepared for a period shorter than a financial year (accounting...

Subsequent Event

An event (e.g., a transaction, business or financial) that takes place after the end or close of the accounting/ reporting...

Condensed FS

A financial statement (FS) that lays out a minimum content for interim financial reporting requirements. This is meant to provide...

Condensed Financials

A financial statement that lays out a minimum content for interim financial reporting requirements. This is meant to provide a...

Condensed Financial Statement

A financial statement that lays out a minimum content for interim financial reporting requirements. This is meant to provide a...

Statement of Financial Position

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

ATL Costs

In the income statement (profit nd loss/ PnL) it describes all expenditure (expenses) incurred by a firm before taxes and...