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ROU Asset

It stands for right-of-use asset; the right (license) that is granted by a lessor to a lessee to hold, operate...

Right-of-Use Asset

The right (license) that is granted by a lessor to a lessee to hold, operate or occupy a leased asset...

Operating Activities

A business carries out investing activities to build its productive capacity needed for its operations. Operating activities which are carried...

Investing Activities

A business makes investments to secure resources that will allow it to build productive capacity and deliver on its value...

Statement of Financial Position

Previously known as balance sheet, it is a detailed projection of the assets, liabilities, and owners' equity of a business...

SFP

It stands for statement of financial position; previously known as balance sheet, it is a detailed projection of the assets,...

Hedge Accounting

A special accounting treatment (measurement/ recognition, etc.) that is applied to match the timing of profit or loss recognition (profit...