Accountancy

Accountancy

Industry: Financial services

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Accountancy

trade date

Financial services; Accountancy

The date that an entity commits itself to purchase or sell an asset.

treasury shares

Financial services; Accountancy

An entity’s own equity instruments, held by the entity or other members of the consolidated group.

Employee benefits payable as a result of either: (a) an entity’s decision to terminate an employee’s employment before the normal retirement date; or (b) an employee’s decision to accept voluntary ...

unbundle

Financial services; Accountancy

Account for the components of a contract as if they were separate contracts.

understandability

Financial services; Accountancy

Information provided in financial statements has the quality of understandability when it is comprehensible to users who have a reasonable knowledge of business and economic activities and accounting ...

unearned finance income

Financial services; Accountancy

The difference between: (a) the gross investment in the lease, and (b) the net investment in the lease.

variable production overheads

Financial services; Accountancy

Those indirect costs of production that vary directly, or nearly directly, with the volume of production, such as indirect materials and indirect labour.