An accounting transaction (and an element of an entity’s income statement) that reflects the consumption of an asset (broadly, an...
A liquidity ratio that expresses the ability of a company to meet its current obligations. It is a measure of…
A liquidity ratio that expresses the ability of a company to meet its current obligations. It is a measure of…
An abbreviation for lower of cost or net realizable value (NRV); it is an approach that aims to avoid reporting...
Total financial assets (TFAs) are the sum of all financial assets owned by an entity, in all their types and...
The losses that arise from a general fall in market prices that are not specific to a particular asset or...
The expected or estimated sale price of an asset. It represents the residual value of an asset (particularly, a long-lived...
Gross financial assets (GFAs) (total financial assets) are the sum of net financial assets (NFAs) and financial liabilities of an...
Gross financial assets (GFAs) are the sum of net financial assets (NFAs) and financial liabilities of an entity. In a...
The profits/ gains that are recognized (at the time of initial recognition) as the difference between a transaction price (in...