It stands for arm's length principle; a market standard that assumes a normal transaction to be one which is entered...
A market standard that assumes a normal transaction to be one which is entered into by and between two unrelated...
A transaction which is entered into by and between two unrelated and well-informed parties, that is, those who have no...
The systematic process of allocating the amortized amount/ amortized cost (the principal) of a financial asset (broadly any intangible asset)...
The regular costs which are incurred by an entity in the normal conditions of operation. Normal cost consists of actual...
A complete or condensed financial report/ financial statement that is prepared for a period shorter than a financial year (accounting...
A complete or condensed financial report/ financial statement that is prepared for a period shorter than a financial year (accounting...
The loss that is still not actual, i.e., not incurred in reality. Such a loss will not materialize unless the...
The loss that is still not actual, i.e., not incurred in reality. Such a loss will not materialize unless the...
It stands for actual cost; broadly speaking, it is the exact amount of expense that is incurred in connection with...