The basic principles that determine the timing of recording (recognizing) revenue, expense, gain, and loss in the statement of income...

The elements relating to the performance of an entity/ business are the main element headings that on the statement of...

The elements relating to the financial position of an entity/ business are the main element headings that make up the...

The process whereby an entity determines the monetary amounts at which the various elements of its financial statements (assets, liabilities,...

A present obligation of an entity towards others (creditors, investors, and other stakeholders), that arises from a past transaction/ event,...

The process of reclassifying gains or losses from equity (fair value changes) to P&L (statement of profit and loss, SOPL)...

The process of reclassifying gains or losses from equity (fair value changes) to P&L (statement of profit and loss, SOPL)...