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Second Income Statement

A financial statement that displays the components of other comprehensive income (OCI) in a "second" statement that is presented in...

Statement of Changes in Equity

A primary financial statements (one of the primary statements) of an entity that presents a reconciliation of the beginning and...

Tangible Item

A physical item that is owned by an entity and is reported on its balance sheet (statement of financial position)...

Proportional Consolidation

The consolidation of the accounts of joint ventures (JVs). This involves the combination of an investor's share of a venture's...

Proportionate Consolidation

The consolidation of the accounts of joint ventures (JVs). This involves the combination of an investor's share of a venture's...

Batch-Based Accounting

A system of accounting (also called batch-based entry) where multiple items (source documents), after accumulation, are transferred from journal, to...

Batch Accounting

A system of accounting (also called batch-based entry) where multiple items (source documents), after accumulation, are transferred from journal, to...

Break Up Basis

An accounting assumption that is used by preparers of financial statements in a situation where the use of the going...

Breakup Value

A measure of value (valuation), at the level of an entity as a whole, that calculates the combined market capitalization...

BS

It stands for balance sheet; a primary statement of an entity that presents a snapshot of its financial position at...