A set of methods, rules, principles, bases, conventions, and practices that is used and applied by an entity in the...
The basic principles that determine the timing of recording (recognizing) revenue, expense, gain, and loss in the statement of income...
In connection with asset depreciation, it refers to the amount of depreciation written off to date. In other words, it...
A resource that is controlled by a business (entity) as a result of a past transaction/ event and is expected...
In the income statement (profit nd loss/ PnL) it describes all expenditure (expenses) incurred by a firm before taxes and...
In the income statement (profit nd loss/ PnL) it describes all expenditure (expenses) incurred by a firm before taxes and...
An accounting basis of recording transactions and events whereby recognition of revenues and expenses takes place when an economic exchange...
It stands for accumulated other comprehensive income; the amount of other comprehensive income (OCI) that is accumulated by a firm...
The amount of other comprehensive income (OCI) that is accumulated by a firm over a period of time. Accumulated other...
The amount of other comprehensive income (OCI) that is accumulated by a firm over a period of time. Accumulated other...