The loss that is still not actual, i.e., not incurred in reality. Such a loss will not materialize unless the...

A transaction that assumes there will be adequate market exposure that would allow market participants to gain sufficient knowledge about...

An accounting allowance that reduces the gross cost of an asset to arrive at the net cost (the net balance...

An event (e.g., a transaction, business or financial) that takes place after the end or close of the accounting/ reporting...

Notes which provide clarification and additional information about specific items in the statement of income (P&L), statement of cash flows,...

Notes which provide clarification and additional information about specific items in the statement of income (P&L), statement of cash flows,...

Notes which provide clarification and additional information about specific items in the statement of income (P&L), statement of cash flows,...

A financial statement (FS) that lays out a minimum content for interim financial reporting requirements. This is meant to provide...

A financial statement that lays out a minimum content for interim financial reporting requirements. This is meant to provide a...

A revenue that an entity/ a business has not yet earned. In other words, it refers to all amounts received...