Warning: Creating default object from empty value in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/plugins/independent-core/admin/ReduxCore/inc/class.redux_filesystem.php on line 29 T – Page 4 – Fincyclopedia
[wpdreams_ajaxsearchpro id=44 ]
  • Tuesday, May 13, 2025
  • The Financial Encyclopedia
[wpdreams_ajaxsearchpro id=43 ]
Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/category.php on line 74

Tax Base of a Liability

The amount (on an entity's books) that is attributed to a liability for tax purposes. It constitutes the carrying amount...

    Tax Base of an Asset

    The amount (on an entity's books) that is attributed to an asset for tax purposes. This amount will be deductible...

      Tax Base

      For an asset, it is the amount (on an entity's books) that is attributed to it for tax purposes. Likewise,...

        TFV Concept

        In connection with an audit report (auditor's opinion) on an entity's financial statements and accounts, true and fair view is...

          TFO

          It stands for true and fair override; a provision/ condition (embedded in accounting standards) that calls for departure from the...

            True and Fair Override

            A provision/ condition (embedded in accounting standards) that calls for departure from the requirements of a specific standard when compliance...

              TFV

              It stands for true and fair view; in connection with an audit report (auditor's opinion) on an entity's financial statements...

                True and Fair View

                In connection with an audit report (auditor's opinion) on an entity's financial statements and accounts, true and fair view is...

                  Tax Depreciation

                  A tax deduction that an entity claims for the natural wear and tear of its assets (tangible assets) over their...

                    Timeliness

                    One of the qualitative characteristics that make financial information more useful to the targeted set of users. Such information is,...