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Parent

An entity that controls another entity (one entity or more), by means of a controlling interest. The controlled entity is...

Parenthetical Explanations

A disclosure technique that conveys information to the users of financial statements by means of a disclosure placed emphatically in...

Paid-In Capital

The full amount of an entity's capital that has been paid (contributed) by its shareholders (equity holders/ owners) in exchanges...

PIC

It stands for paid-in capital; the full amount of an entity's capital (equity holdings) that has been paid (contributed) by...

Current Account

In a conventional context, a current account (or checking account) is a deposit account that has no stated maturity and...

Proportional Consolidation

The consolidation of the accounts of joint ventures (JVs). This involves the combination of an investor's share of a venture's...

Proportionate Consolidation

The consolidation of the accounts of joint ventures (JVs). This involves the combination of an investor's share of a venture's...

PnL Account

An abbreviation for profit and loss account; one of the primary financial statements of an entity that presents its revenues...

P/L Account

An abbreviation for profit and loss account; one of the primary financial statements of an entity that presents its revenues...

Profit and Loss Account

One of the primary financial statements of an entity that presents its revenues and expenses during the reporting period. It...