The main place in which an entity's accounting transactions are recorded, specifically all non-personal accounts such as cash book, petty...
Losses that reflect the expected or potential credit losses that may arise as to an entity's financial assets due to...
A provision that is created for impairment losses arising from loans, receivables, and similar types of extended credit. Impairment losses...
An acronym for money market account; a category of money market vehicles (MMV) that represents a savings account may provide...
A category of money market vehicles (MMV) that represents a savings account may provide its holder with certain other privileges...
An individual/ entity that has deposited funds with an Islamic bank (IFI), via Shari'ah-compliant profit-sharing investment accounts that provide an...
It stands for investment account holder; the individual/ entity that has deposited funds with an Islamic bank (IFI), via Shari'ah-compliant...
In general, initial recognition is the recognition of an item (e.g., asset, expense, etc.) that would occur if an entity...
A general ledger account (GL account) that does not close at the end of the accounting year (as opposed to...
A type of account (a general ledger account/ GL account) that closes at the end of each accounting year. Basically,...