Accountancy

Accountancy

Industry: Financial services

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Accountancy

financial risk

Financial services; Accountancy

The risk of a possible future change in one or more of a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit ...

financial statements

Financial services; Accountancy

A complete set of financial statements comprises: (a) a statement of financial position as at the end of the period; (b) a statement of comprehensive income for the period; (c) a statement of changes ...

financing activities firm commitment

Financial services; Accountancy

Activities that result in changes in the size and A binding agreement for the exchange of a specified quantity of resources at a specified price on a specified future date or dates.

firm purchase commitment

Financial services; Accountancy

An agreement with an unrelated party, binding on both parties and usually legally enforceable, that (a) specifies all significant terms, including the price and timing of the transactions, and (b) ...

first IFRS reporting period

Financial services; Accountancy

The latest reporting period covered by an entity’s first IFRS financial statements.

first IFRS financial statements

Financial services; Accountancy

The first annual financial statements in which an entity adopts International Financial Reporting Standards (IFRSs), by an explicit and unreserved statement of compliance with IFRSs.