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Significance

The state of being significant in impact. Significant implies anything (e.g., an amount, occurrence, transaction, etc.) that has the potential...

Notes Payable

Notes that are payable by an entity. Notes payable constitute a formal borrowing agreement, or promissory note, between an entity...

Writing Down

The process of reducing part of the balance of an asset due to occurrence of some economic event that negatively...

Specific Allowance

An allowance that is set up for expected credit losses (ECLs) on specific unimpaired loan/ receivables and other exposures for...

Individual Allowance

An allowance that is set up for expected credit losses (ECLs) on specific unimpaired loan/ receivables and other exposures for...

General Allowance

An allowance that is set up for expected credit losses (ECLs) on total unimpaired loan/ receivables and other exposures when...

Collective Allowance

An allowance that is set up for expected credit losses (ECLs) on total unimpaired loan/ receivables and other exposures when...

Owners’ Equity

The remaining value (residual amount) of owners' interest in an entity, after all its liabilities have been deducted from its...

A/R

It stands for accounts receivable; money that is owned to an entity by its customers for economic resources (goods/ services)...

Accounts Receivable

Money that is owned to an entity by its customers for economic resources (goods/ services) that have been sold and...