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Interim Reporting Date

The date on which an entity makes its interim financial statements available to users of its financial statements. This date...

Illustrative Financials

A set of illustrative financial statements; by definition, it is a financial statement that prepared on the basis of specific...

Illustratives

An illustrative or illustrative statement is a financial statement that prepared on the basis of specific assumptions and projections, rather...

Illustrative Financial Statement

A financial statement that prepared on the basis of specific assumptions and projections, rather than on actual past transactions/ events/...

Pro Forma Financial Statement

A financial statement that prepared on the basis of specific assumptions and projections, rather than on actual past transactions/ events/...

Equity Instrument

Any financial instrument that confers on its holder a residual interest in the net assets of an entity (its assets...

Monetary Liability

A liability whose value is measured and stated in monetary terms (cash amounts). As such, it is a fixed obligation...

Impairment Losses

The loss in value that results from impairment. More specifically, it is the amount by which the carrying amount (book...

Derecognition of Financial Assets

A financial asset is derecognized (removed from an entity's accounts/ financial statements) when the contractual rights to receive the cash...

BTL Items

Ii stands for below-the-line items; items of financial statements that have a financial impact, though not directly related to the...