Accountancy

Accountancy

Industry: Financial services

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Accountancy

actuarial gains and losses

Financial services; Accountancy

(a) Experience adjustments (the effects of differences between the previous actuarial assumptions and what has actually occurred); and (b) the effects of changes in actuarial assumptions.

actuarial assumptions

Financial services; Accountancy

An entity’s unbiased and mutually compatible best estimates of the demographic and financial variables that will determine the ultimate cost of providing post-employment benefits.

adjusting events after the reporting period agricultural activity

Financial services; Accountancy

See ‘events after the reporting period’ The management by an entity of the biological assets.

actuarial present value of promised retirement benefits

Financial services; Accountancy

The present value of the expected payments by a retirement benefit plan to existing and past employees, attributable to the service already rendered.

agricultural produce

Financial services; Accountancy

The harvested product of the entity’s biological assets.

amortisation (depreciation)*

Financial services; Accountancy

The systematic allocation of the depreciable amount of an asset over its useful life.

amortised cost of a financial asset or financial liability

Financial services; Accountancy

The amount at which the financial asset or financial liability is measured at initial recognition minus principal repayments, plus or minus the cumulative amortisation using the effective interest ...