Accountancy

Accountancy

Industry: Financial services

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Accountancy

liability adequacy test

Financial services; Accountancy

An assessment of whether the carrying amount of an insurance liability needs to be increased (or the carrying amount of related deferred acquisition costs or related intangible assets decreased), ...

The non-cancellable period for which the lessee has contracted to lease the asset together with any further terms for which the lessee has the option to continue to lease the asset, with or without ...

Absorption costing

Financial services; Accountancy

Costing system wherein fixed manufacturing overhead is allocated to (or absorbed by) products being manufactured. This system, which treats fixed manufacturing costs as a product cost, is required ...

Performance

Financial services; Accountancy

The relationship of the income and expenses of an entity, as reported in the income statement (statement of comprehensive income).

Liquidity

Financial services; Accountancy

The availability of cash in the near future after taking account of financial commitments over this period.

Cost method

Financial services; Accountancy

A method of accounting for an investment whereby the investment is recognised at cost. The investor recognises income from the investment only to the extent that the investor receives distributions ...