The methods that are applied by an entity to arrive at the estimated monetary amounts for items of the financial...
A set of methods, rules, principles, bases, conventions, and practices that is used and applied by an entity in the...
The price that an entity would receive in exchange for the sale/ disposal of an asset or would pay to...
A transaction that involves an exchange of an asset or liability between market participants assuming that such an asset/ liability...
The price that is recorded by an entity when acquiring an asset or assuming a liability in an exchange transaction...
The price that is recorded by an entity when acquiring an asset or assuming a liability in an exchange transaction...
Though not an accounting measure of value, market value can be broadly defined as a middle-ground price between a buyer...
The risk that arises from any fluctuations in the fair value of a financial instrument or future cash flows associated...
A reserve (reserve account) that an entity sets aside out of capital profits, i.e, profits from non-core operations and activities...
A reserve (reserve account) that an entity creates out of uncontributed revenue gains for the net profit which is generated...