The period over which an asset provides or is expected to provide its economic benefits to an entity owning and/...
A measure of the amount profit remaining after adjusting for the return expected by an entity's investors. It is equal...
It stands for economic value added; a measure of the amount profit remaining after adjusting for the return expected by...
The positive difference between total revenue generated by a business and its explicit costs and implicit costs. In other words,...
The methods that are applied by an entity to arrive at the estimated monetary amounts for items of the financial...
The price that an entity would receive in exchange for the sale/ disposal of an asset or would pay to...
The price that is recorded by an entity when acquiring an asset or assuming a liability in an exchange transaction...
An accounting concept that considers a firm (a business or an entity) to be financially separate from its owners. This...
Notes which provide clarification and additional information about specific items in the statement of income (P&L), statement of cash flows,...
The elements relating to the performance of an entity/ business are the main element headings that on the statement of...