The regular costs which are incurred by an entity in the normal conditions of operation. Normal cost consists of actual...
It stands for actual cost; broadly speaking, it is the exact amount of expense that is incurred in connection with...
Broadly speaking, it is the exact amount of expense that is incurred in connection with an operation/ requirement as opposed...
It stands for current replacement cost; the amount for which an asset could be replaced with another that has identical...
The amount for which an asset could be replaced with another that has identical service potential (useful life, features, etc.)....
The amount for which an asset could be sold as of a given date in an arm's length transaction. Differently...
A method of accounting that records all assets at a set of value measures (asset valuation bases) such as current...
The amount assigned to an asset (asset account) that is subject to depreciation since its acquirement and over the course...
The value or potential gains that an investor forgoes by choosing a specific type of asset or strategy. In other...
It stands for above the line; in the income statement (profit and loss/ PnL) it describes income and expenditure (expenses)...