An enhanced version of historical cost (HC) where specific assets/ liabilities are recognized at current value to reflect changes in...
An enhanced version of historical cost (HC) where specific assets/ liabilities are recognized at current value to reflect changes in...
It stands for historical cost; the original cost (acquisition price and other necessary costs) of an asset (and broadly any...
The original cost (acquisition price and other necessary costs) of an asset (and broadly any element on an entity's financials)...
An expense that is charged to an entity' statement of income, specifically under financing expenses, reflecting the current period's cost...
A reporting entity that are subject to enhanced disclosure requirements- that is, those requirements that go beyond ordinary disclosures required...
The ability of financial information to be verified (verifiability) and applied to the benefit of users of financial statements, delivering...
It stands for event of default; an occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to...
An occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to timely pay (obligations: interest and principal),...
An occurrence that allows a creditor (lender) to identify a debtor's (borrower's) unlikeliness to timely pay (obligations: interest and principal),...