20 Terms
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Accountancy
Industry: Financial services
Add a new termContributors in Accountancy
Accountancy
commencement of the lease term
Financial services; Accountancy
The date from which the lessee is entitled to exercise its right to use the leased asset. It is the date of initial recognition of the lease (ie the recognition of the assets, liabilities, income or ...
component of an entity
Financial services; Accountancy
Operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity.
compensation
Financial services; Accountancy
Includes all employee benefits including employee benefits to which IFRS 2 applies. Employee benefits are all forms of consideration paid, payable or provided by the entity, or on behalf of the ...
compound financial instrument
Financial services; Accountancy
A financial instrument that, from the issuer’s perspective, contains both a liability and an equity element.
consolidated financial statements
Financial services; Accountancy
The financial statements of a group presented as those of a single economic entity.
construction contract
Financial services; Accountancy
A contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms of their design, technology and function or ...
constructive obligation
Financial services; Accountancy
An obligation that derives from an entity’s actions where: (a) by an established pattern of past practice, published policies or a sufficiently specific current statement, the entity has indicated to ...
