A financial asset is derecognized (removed from an entity's accounts/ financial statements) when the contractual rights to receive the cash...
It stands for framework; a collection of fundamental concepts for general purpose financial reporting that is developed and used by...
The level of standardization of accounting information (e.g., items of financial statements) that makes the financial statements of different entities...
It stands for equity method accounting; an accounting method for treating investments in associates (associate companies). Equity accounting is usually...
An accounting method for treating investments in associates (associate companies). Equity accounting is usually applied where an investor entity holds...
It stands for conceptual framework; a collection of fundamental concepts for general purpose financial reporting that is developed and used...
A collection of fundamental concepts for general purpose financial reporting that is developed and used by a standards-setter as a...
A collection of fundamental concepts for general purpose financial reporting that is developed and used by a standards-setter as a...
A period of time during which an entity is not allowed to classify any financial assets as held to maturity...
A component of the equity section on the statement of financial position/ balance sheet that belongs to the equity's respective...