A test for impairment is an assessment exercise carried out an entity to determine the possible existence of impairment losses...

Designating an item as at fair value through profit and loss (FVTPL); a method of measuring financial assets/ financial liabilities...

An acronym for designated as at fair value through profit and loss; designating an item as at fair value through...

Designating an item as at fair value through profit and loss (FVTPL); a method of measuring financial assets/ financial liabilities...

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...