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...

An accounting principle that calls for the financial statements of an entity to reflect and represent the most conservative figures...

The measurement principle that requires reporting values on financial statements by referring to historical cost (HC)- as a measure of...

An accounting term that is derived from the Latin word 'creditum' which means "to trust or entrust". Credit is a...

A value measurement base (an entry value) that indicates the value (price/ cost) currently paid for the purchase of an...

A value measurement base (originally from entry value) that indicates the value (price) currently paid for the purchase of an...

A reserve (type of a specific reserve) that is created specifically for the purpose of ensuring  stability of an entity's...