The period over which an asset provides or is expected to provide its economic benefits to an entity owning and/...
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...
A reserve (reserve account) that an entity creates out of its profits for a certain purpose. It is usually appropriated...