In connection with a set of financial statements (of a given entity), circular reference is a situation that arises due...
It stands for conceptual framework; a collection of fundamental concepts for general purpose financial reporting that is developed and used...
A financial instrument that can be split into equity and liability components from the issuer's perspective. A compound instrument is,...
A financial instrument that can be split into equity and liability components from the issuer's perspective. A compound financial instrument...
The financial statements of a group (a parent and one subsidiary or more) in which the separate financial statements of...
In general, it refers to the process of combining assets, liabilities, and other financial items/ balances of two or more...
An allowance that is set up for expected credit losses (ECLs) on total unimpaired loan/ receivables and other exposures when...
A tangible item that may be traded between market participants: buyers and sellers. In this sense, commodities are marketable goods...
The financial risk that impacts an entity’s financial performance/ profitability due to fluctuations (volatility) in the prices of commodities in...
Broadly, clubbing involves putting two accounts, or more, together in a major account for a more structured reporting. For example,...