The operating profit that constitutes the excess of the current value of an entity's output (products and services provided) sold...

The price (entry price) that would be paid to buy an asset or transfer a liability in an orderly transaction...

The price that would be received from selling an asset or paid for transferring a liability in an orderly transaction...

The needs of a wide range of users of an entity's financial statements (general purpose financial statements, GPFSs) to information,...

A period of time during which an accounting/ audit firm has to maintain the rule of independence when a member...

The cost of an asset that is calculated on the basis of its current replacement cost. The current cost approach...

An exit value that reflects the present value or the amount at which an asset could be sold or a...

A type of reserve that is created to account for foreign currency translation (currency translation). Such a translation involves the...

The situation where control over an entity is established on the basis of influence rather than legal control (de jure...

The situation where control over an entity is established on the basis of influence rather than legal control (de jure...