A cost measure that represents the direct costs of producing the goods sold by a business. For a manufacturing company,...
It stands for cost of goods sold; a cost measure that represents the direct costs of producing the goods sold...
It has many meanings in different contexts. It may stand for nominal value; a measure of value of assets and...
A measure of value of assets and liabilities. For an asset, it is its unadjusted value that does not take...
The information that is used to compile and present an entity's financial statements for a given period and other related...
Comparative information (figures/ amounts and other disclosures) relating to the prior accounting period that are used as an integral part...
A change in intent and ability to continue with a specific classification to maturity. More specifically, tainting occurs if an...
A financial transaction whereby an entity sells or transfers title to its accounts receivable (A/R) to a third party (known...
A reserve that consists of the cumulative fair value gains or losses on available for sale assets (AFS), and is...
It stands for available for sale reserve; a reserve that consists of the cumulative fair value gains or losses on...