A primary financial statements (one of the primary statements) of an entity that presents a reconciliation of the beginning and...

A physical item that is owned by an entity and is reported on its balance sheet (statement of financial position)...

An option that allows an entity to change its financial year (reporting year) to accommodate certain seasonality effects in business...

It stands for fiscal year option/ financial year option; an option that allows an entity to change its financial year...

An option that allows an entity to change its financial year (reporting year) to accommodate certain seasonality effects in business...

It stands for fair value option; an option or alternative for an entity to use fair value (FV) as a...

An option or alternative for an entity to use fair value (FV) as a basis for recording its financial assets/...

It stands for realizable cost savings (or realized cost savings); the amount by which the current cost of the assets...

The amount by which the current cost of the assets held by an entity in the current period increases. This...

A sort of deprival value for a liability (only used for the measurement of specific types of liabilities). It is...