Accounting and taxation Finance Fixed assets – what are they and how to account for them? Fixed assets are one of the basic categories of assets in an enterprise that are used to conduct…
Accounting and taxation Finance Low-value fixed asset – what is it? Definition of the term Low-value fixed asset is a term that is used in accounting and refers to such fixed assets whose…
Accounting and taxation Finance Extraordinary losses – what are they? Definition of the concept Extraordinary losses is an accounting term that refers to unexpected and unusual expenses or losses of an entity…
Accounting and taxation Finance Net loss – what is it? Definition of the term Net loss is an accounting term that refers to a situation in which an entity’s revenues are less…
Accounting and taxation Finance Report on the activities of the entity – what is it? An entity’s management report is a document that presents the entity’s activities and financial position during a given…
Accounting and taxation Finance Pro-forma financial statements – what are they? Apro-forma financial statement is a document that shows a company’s projected financial position in the future. It is…
Accounting and taxation Finance Financial statements – what are they? Definition of the term Afinancial statement is a document that presents the financial position of a company at the end of a…
Accounting and taxation Finance Adjusted purchase price – what exactly is it? Adjusted purchase price is a concept used to value assets and liabilities in an acquisition or restructuring process.…
Accounting and taxation Finance Consolidated financial statements – what exactly are they? Consolidated financial statements are one of the basic financial documents that reflect the state of a company’s finances.…
Finance Balance – what exactly is it? Definition of the concept Balance is a widely used concept in many fields. It is one of the basic concepts in accounting,…