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Fair Value of a Liability

The fair value of a liability is the price that would be paid to transfer a liability in an orderly...

Financial Asset

An asset that has no physical characteristics, but rather derives its value from a monetary basis (monetary asset such as...

FVTOCI

It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...

FVOCI

It stands for fair value through other comprehensive income; the gains/ losses resulting from assets measured at fair value due...

Fair Value Through Other Comprehensive Income

The gains/ losses resulting from assets measured at fair value due to changes in fair value-measured amounts. These changes are...

Financial Profit

The net income (NI) or net earnings an entity earns after deducting all monetary costs from total revenue. It reflects...

Full Disclosure Principle

An accounting concept / accounting principle that requires adequate or complete disclosure of all significant (material) matters / issues/ events...

Full Disclosure Concept

An accounting concept / accounting principle that requires adequate or complete disclosure of all significant (material) matters / issues/ events...

Footnotes

Notes which provide clarification and additional information about specific items in the statement of income (P&L), statement of cash flows,...

FV

It stands for fair value; the price / exchange price (an amount measured in currency units- CUs) at which an...