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...
A reserve (reserve account) that an entity creates out of its profits for a certain purpose. It is usually appropriated...
A reserve (reserve account) that an entity creates out of its profits for a certain purpose. It is usually appropriated...
A reserve (reserve account) that an entity creates out of its profits for any currently specified or unspecified future purpose....
The basic principles that determine the timing of recording (recognizing) revenue, expense, gain, and loss in the statement of income...
It stands for current replacement cost; the amount for which an asset could be replaced with another that has identical...