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Accountancy
Industry: Financial services
Add a new termContributors in Accountancy
Accountancy
joint control
Financial services; Accountancy
The contractually agreed sharing of control over an economic activity.
jointly controlled entity
Financial services; Accountancy
A joint venture that involves the establishment of a corporation, partnership or other entity in which each venturer has an interest. The entity operates in the same way as other entities, except ...
presentation currency
Financial services; Accountancy
The currency in which the financial statements are presented.
primary financial instruments
Financial services; Accountancy
Financial instruments such as receivables, payables and equity securities, that are not derivative financial instruments.
present value
Financial services; Accountancy
A current estimate of the present discounted value of the future net cash flows in the normal course of business.
prior period errors
Financial services; Accountancy
Omissions from, and misstatements in, the entity’s financial statements for one or more prior periods arising from a failure to use, or misuse of, reliable information that: (a) was available when ...
probable profit
Financial services; Accountancy
More likely than not. IFRS 5.A, The residual amount that remains after expenses (including capital maintenance adjustments, where appropriate) have been deducted from income. Any amount over and ...