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Unbundle

The separation of individual components of a contract (a combined contract) from each other for the purpose of treating each...

UEFI

Acronym for unearned finance income; in relation to lease/ leasing, it is the finance income that results from the difference...

Unearned Finance Income

In relation to lease/ leasing, it is the finance income that results from the difference between the gross amount and...

Non-Transferable Intangible Asset

A type of intangible assets that are assigned for internal use (rather than other external use intangibles such as patents,...

Internal-Use Intangible Asset

A type of intangible assets that are assigned for internal use (rather than other external use intangibles such as patents,...

Back-Room Intangible Asset

A type of intangible assets that are assigned for internal use (rather than other external use intangibles such as patents,...

Intangible Asset

An asset that has no physical substance. Typically, intangible assets are non-physical and non-monetary assets. For example, marketable securities and...

Relevance

A qualitative characteristic of financial information that is provided in financial statements and financial reporting by an entity. It refers...

Closely Held Entity

An entity that has a limited number of shareholders (such as 3 or 5 people). The stock of such an...

GPFR

It stands for general purpose financial reporting; financial reporting that aims to accommodate the common information needs of a variety...