Accountancy

Accountancy

Industry: Financial services

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Accountancy

non-adjusting events after the reporting period non-cancellable lease

Financial services; Accountancy

See ‘events after the reporting period’ A lease that is cancellable only: (a) upon the occurrence of some remote contingency; (b) with the permission of the lessor; (c) if the lessee enters into a ...

net realisable value

Financial services; Accountancy

The estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. Net realisable value refers to the net amount ...

neutrality

Financial services; Accountancy

Freedom from bias of the information contained in financial statements.

net investment in the lease

Financial services; Accountancy

The gross investment in the lease discounted at the interest rate implicit in the lease.

non-controlling interest

Financial services; Accountancy

The equity in a subsidiary not attributable, directly or indirectly, to a parent.

non-current asset

Financial services; Accountancy

An asset that does not meet the definition of a current asset.

normal capacity of production facilities

Financial services; Accountancy

The production expected to be achieved on average over a number of periods or seasons under normal circumstances, taking into account the loss of capacity resulting from planned maintenance.