It stands for arm's length principle; a market standard that assumes a normal transaction to be one which is entered...
A market standard that assumes a normal transaction to be one which is entered into by and between two unrelated...
A transaction which is entered into by and between two unrelated and well-informed parties, that is, those who have no...
The systematic process of allocating the amortized amount/ amortized cost (the principal) of a financial asset (broadly any intangible asset)...
It stands for actual cost; broadly speaking, it is the exact amount of expense that is incurred in connection with...
Broadly speaking, it is the exact amount of expense that is incurred in connection with an operation/ requirement as opposed...
An accounting method that is applied as an inventory control for the practical purpose of categorizing inventory by order of...
An accounting method that is applied as an inventory control for the practical purpose of categorizing inventory by order of...
A market where transactions involving an asset or a liability occur in a frequency and volume enough to establish a...
Profit or loss pertaining to a specific accounting period before deducting tax expense. In other words, it refers to profit...