The original cost (acquisition price and other necessary costs) of an asset (and broadly any element on an entity's financials)...
An expense that is charged to an entity' statement of income, specifically under financing expenses, reflecting the current period's cost...
A reporting entity that are subject to enhanced disclosure requirements- that is, those requirements that go beyond ordinary disclosures required...
The ability of financial information to be verified (verifiability) and applied to the benefit of users of financial statements, delivering...
It stands for event of default; an occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to...
An occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to timely pay (obligations: interest and principal),...
An occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to timely pay (obligations: interest and principal),...
The needs of a wide range of users of an entity's financial statements (general purpose financial statements, GPFSs) to information,...
An entity, weather organized in a corporate form or otherwise, that is engaged in profit-making activities including commercial, industrial, financial,...
An entity, weather organized in a corporate form or otherwise, that is engaged in profit-making activities including commercial, industrial, financial,...