In relation to lease/ leasing, it is the finance income that results from the difference between the gross amount and...

It stands for general purpose financial reporting; financial reporting that aims to accommodate the common information needs of a variety...

Financial reporting that aims to accommodate the common information needs of a variety of users, rather than a specific set...

An account (an account receivable) that captures an amount past due in relation to a financial asset. The past-due balance...

With respect to a financial asset, it is a situation that results from failure of a counterparty (e.g., an issuer,...

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

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

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

A contra account (contra equity account) that is recorded in the shareholder's equity section of the statement of financial position...

The amount/ value at which an asset is recognized after deducting any accumulated depreciation (for physical assets) / amortization (for...