An accounting error (error) that arises from incorrect, false or misleading information that “materially” (excessively or to a great extent)...
A measurement or recognition inconsistency (mismatch) that arises from using different measurement models for asset or liability values or different...
It stands for modified historical cost; an enhanced version of historical cost (HC) where specific assets/ liabilities are recognized at...
An enhanced version of historical cost (HC) where specific assets/ liabilities are recognized at current value to reflect changes in...
An enhanced version of historical cost (HC) where specific assets/ liabilities are recognized at current value to reflect changes in...
A general concept that draws a dividing line between issues/ events that are important and issues that are not for...
The date at which the value of an asset/ a liability (or broadly, an item) is determined taking into consideration...
A liability whose value is measured and stated in monetary terms (cash amounts). As such, it is a fixed obligation...
It stands for market risk premium; in accounting, market risk premium basically has two distinct meanings: "market risk" premium and...
In accounting, market risk premium basically has two distinct meanings: "market risk" premium and market "risk premium". A "market risk"...