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Bifurcation

The process of isolating and separating a certain component of an instrument in order to account for both separately. An...

Differential Cost

In relation to differential analysis, it is the difference between the costs of two alternative courses of action/ methods/ choices...

Immaterial Error

An accounting error (error) that arises from incorrect, false or misleading information that “immaterially” (to a limited extent) affects an...

Material Error

An accounting error (error) that arises from incorrect, false or misleading information that “materially” (excessively or to a great extent)...

Change in Accounting Estimate

An adjustment that is made to an accounting estimate as a result of new information or developments including those relating...

TCE/ TA

A ratio that relates tangible common equity (TCE) to tangible assets (TAs). It is used as a measure of an...

Tangible Common Equity Ratio

A ratio that relates tangible common equity (TCE) to tangible assets. It is used as a measure of an entity's...

Correction of Errors

The correction of accounting errors in previously issued financial statements, i.e., errors that arise from faulty data entry, omission, discrepancies,...

Segmental Reporting

A category of financial reporting that involves preparing separate information and reports about operating segments. In segment/ segmental reporting, an...

Segment Reporting

A category of financial reporting that involves preparing separate information and reports about operating segments. In segment/ segmental reporting, an...