It stands for date of initial recognition; the reference date (initial recognition) that is used to assess and determine a...
The reference date (initial recognition) that is used to assess and determine a significant increase in credit risk (SICR). This...
It stands for more likely than not; in accounting, this expression "more likely than not" sets a threshold (more than...
In accounting, this expression "more likely than not" sets a threshold (more than 50% likelihood) for a certain item (e.g.,...
A measurement base whereby an item (an asset) is initially recognized and measured at a value equal to its original...
In general, initial recognition is the recognition of an item (e.g., asset, expense, etc.) that would occur if an entity...
A measurement or recognition inconsistency (mismatch) that arises from using different measurement models for asset or liability values or different...
A measurement or recognition inconsistency (mismatch) that arises from using different measurement models for asset or liability values or different...
An accounting convention whereby an item is recognized as an asset on the balance sheet when it meets two yardsticks:...
It stands for framework; a collection of fundamental concepts for general purpose financial reporting that is developed and used by...
