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Net Recoverable Amount

A measure of recoverable amount that is calculated using either the ‘value in use’ (VIU) methodology or the ‘fair value...

Fair Value Less Costs of Disposal

A type of net recoverable amount where the value of an asset is defined as the difference between its fair...

FVLCD

It stands for fair value less costs of disposal; it is a type of net recoverable amount where the value...

Recoverable Amount

In connection with assets (tangible assets / fixed assets or intangible asset such as goodwill), it is the amount that...

Impairment

The loss in value that occurs when the book value or carrying value of an asset (or a cash-generating unit)...

Impairment Loss

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

DTL

It stands for deferred tax liability; the sums of income taxes that an entity expects to pay in future periods...

Deferred Tax Liability

The sums of income taxes that an entity expects to pay in future periods in relation to taxable temporary differences....

DTA

It stands for deferred tax asset; the sums of income tax that an entity can recover in the future. These...

Deferred Tax Asset

The sums of income tax that an entity can recover in the future. These income taxes are typically recorded as...