An account that is used by an entity to record certain financial items (e.g., gains or losses) that have been...

Generally speaking, it is a record keeping practice that involves maintaining a second set of account books. A shadow accounting...

An abbreviation for profit and loss statement; a financial statement (forming part of a set of financial statements prepared and...

A financial statement (forming part of a set of financial statements prepared and maintained by an entity) that displays an...

It stands for statement of income; a financial statement (forming part of a set of financial statements prepared and maintained...

A financial statement (forming part of a set of financial statements prepared and maintained by an entity) that displays an...

A financial statement (forming part of a set of financial statements prepared and maintained by an entity) that displays an...

It stands for fair value through profit and loss (FVTPL); a method of measuring financial assets/ financial liabilities whereby changes...

It stands for fair value less cost to sell; a type of net recoverable amount where the value of an...

A share capital account is tainted when an entity is prevented from transferring profits into that account (share capital) and...