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

A company whose shares trade on an exchange or over-the-counter (OTC), being available for any investor to buy or sell...

Gains that arise from an increase in the value of an asset that has not been sold or a decrease...

A type of non-controlling interest (NCI) that is contingent upon occurrence or fulfillment of certain criteria. In other words, it...

A type of non-controlling interest (NCI) that is contingent upon occurrence or fulfillment of certain criteria. In other words, it...

The original value (basis) of an asset for tax purposes. The cost basis is usually determined as the purchase price...

In accounting, gross basis is a type of treatment whereby an entity accounts for, and recognizes/ presents, its financial statement...

It stands for current expected credit losses; expected credit losses (ECLs) that are estimated over the life of a financial...

Expected credit losses (ECLs) that are estimated over the life of a financial instrument (loans, debt securities, etc.), while being...

A transfer of assets (net assets) or an exchange of equity interests among entities (two entities or more, one being...