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Nonmonetary Liability

A liability that is not a monetary liability. It is a liability that is not in a monetary form: it...

Related Party

A party (person, entity) that has a connection with an entity (a reporting entity) preparing its financial statements. This connection...

Trade Date Accounting

According to trade date accounting, a transaction is recorded in the books of an entity as of the date at...

Trade Date

The date that an entity commits itself to transact with a party. According to trade date accounting, a transaction is...

Non-Monetary Transaction

Broadly speaking, it is a transaction that involves the exchange of goods or services without the use of a medium...

Nonmonetary Transaction

Broadly speaking, it is a transaction that involves the exchange of goods or services without the use of a medium...

Useful Life of a Leased Asset

The useful life of a leased asset is either: the estimated remaining period, from the commencement date of the lease...

Nonmonetary Asset

An asset that is not a monetary asset. It is an asset that is not in a monetary form: it...

Non-Monetary Asset

An asset that is not a monetary asset. It is an asset that is not in a monetary form: it...

Monetary Asset

A type of financial asset that constitutes money (cash) held in, and assets whose value can be converted into, a...