An accounting concept that calls for accounting information (as reflected in the financial reports) to be available in such a...

The frequency with which an asset (usually a depreciable asset) is replaced by another asset, either with similar/ identical features,...

The process that involves the removal of a financial asset or financial liability or generally any element (that was already...

Broadly speaking, it is the final total of an account or a financial statement (specifically the statement of financial position...

The net income (NI) or net earnings an entity earns after deducting all monetary costs from total revenue. It reflects...

Profit or loss pertaining to a specific accounting period before deducting tax expense. In other words, it refers to profit...

The period over which an asset provides or is expected to provide its economic benefits to an entity owning and/...

A financial instrument or agreement/ contract whose value changes in reaction to the change in a specific underlying asset or...

A market where transactions involving an asset or a liability occur in a frequency and volume enough to establish a...

It stands for market value added; a measure of value that uses the notion of market value: it compares an...