The short (basic) form of the accounting equation that consists of the three basic accounting elements: assets, liabilities, and equity...

The legal (contrived/ man-made) basis and manifestation (legal formalities) for establishing an entity's ownership, rights, and interest in assets and...

The legal basis and manifestation (legal formalities) for establishing an entity's ownership, rights, and interest in assets and obligation in...

A financial instrument that constitutes a debt issued by an entity, as a liability, (and hence it is held by...

In relation to business combinations, it is an asset that an entity recognizes if it contractually indemnifies its customers (purchasers...

A disclosure technique that is used for two accounts/ line items, on the statement of financial position, that are directly...

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

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

A disclosure technique that involves provision of information with a detailed, explanatory nature. This technique is used in cases where...

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