In relation to a hedging instrument/ hedged item and corresponding accounting treatment, it describes the situation where the cumulative change...
A cost / expenditure that has been incurred, while an entity still expects further benefits (in future periods), and hence...
A liability (debt obligation) for which there are no sufficient funds set aside to settle. In other words, unfunded liabilities...
A liability for which there are no sufficient funds set aside to settle. In other words, unfunded liabilities are those...
Losses that result from assets/ investments whose value decreased/ depreciated but are still recognized on an entity's balance sheet (i.e.,...
The capital gains that an entity has not realized as it did not sell or dispose of its capital asset(s)-...
The capital gains that an entity realizes when it sells its capital asset(s)- that have already increased in value to...
A budget that presents a forecast of an entity's expense items to be incurred and revenue to be generated from...
The restatement of an entity's financial statements that is prompted by discovery of an accounting error (material error) in prior...
An account that reduces the gross amount of other related accounts to arrive at a net balance. It is paired...